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mutual fund
noun
: an open-end investment company that invests money of its shareholders in a usually diversified group of securities of other corporations
Examples of mutual fund in a Sentence
She invested her money in a mutual fund.
Recent Examples on the Web
Designate a percentage of your salary to contribute to the account out of each paycheck and select one or more mutual funds for your portfolio.
—Ryan Ermey, CNBC, 5 Jan. 2025
The list includes one open-end mutual fund, one closed-end mutual fund, and one ETF that hold SpaceX stock.
—Joel Shulman, Forbes, 3 Jan. 2025
Dan Primack Dec 1, 2024 - Business Scoop: Fidelity marks up the value of its stake in Elon Musk's X
Fidelity mutual funds marked up the value of their X Holdings shares by 32.37% in October, the largest monthly increase since helping Elon Musk buy the company in 2022.
—Dan Primack, Axios, 2 Dec. 2024
While that is about half the roughly $20 trillion in mutual funds, ETFs have steadily eroded mutual funds’ market share since debuting in the early 1990s.
—Greg Iacurci, CNBC, 17 Dec. 2024
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Word History
First Known Use
1932, in the meaning defined above
Dictionary Entries Near mutual fund
Cite this Entry
“Mutual fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/mutual%20fund. Accessed 9 Jan. 2025.
Legal Definition
mutual fund
see fund sense 2
More from Merriam-Webster on mutual fund
Britannica.com: Encyclopedia article about mutual fund
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