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Andre45 [30]
2 years ago
11

The goal of investing $50 per month for the next 12 years for your nephew's college fund is a(n):______goal.

Business
1 answer:
AlladinOne [14]2 years ago
7 0

An investment vehicle known as a mutual fund pools the money of its shareholders and uses it to buy securities like stocks, bonds, money market instruments, and other assets. Professional money managers who specialize in managing mutual funds deploy the assets of the fund to produce capital gains or income for the fund's investors.

The portfolio of a mutual fund is structured and managed to meet the investment objectives stated in the prospectus. Mutual funds provide access to professionally managed portfolios of stocks, bonds, and other securities to small and individual investors. As a result, each shareholder shares in the fund's profits or losses in proportion.

Mutual funds invest in a wide range of securities, and their performance is typically measured by the change in the fund's total market capitalization.

To learn more about mutual fund , click here

brainly.com/question/27988055

#SPJ4

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