Mutual Funds are an investment vehicle that is made up of a pool of funds collected from many investors to invest in securities such as stocks, bonds, money market instruments and other assets.
Mutual funds are divided into several kinds of categories, representing the kinds of securities they have targeted for their portfolios and the type of returns they seek. There is a fund for nearly every type of investor.
Equity Funds
Balanced Funds
Money Market Funds
Income Funds
International/Global Funds
Specialty Funds
Exchange Traded Funds (ETFs)