Mutual fund is a type of financial vehicle with funds raised
from many investors to invest in securities such as stocks, bonds, money market
instruments and other asset classes. Mutual funds are managed by professional
fund managers who allocate the funds’ assets and aim to generate capital gains
or income for the funds’ investors. The structure and maintenance of the mutual
fund's portfolio are consistent with the investment objectives set out in the
fund’s prospectus.
Mutual funds enable small or individual investors to gain access
to professionally managed portfolio of stocks, bonds and other securities.
Therefore, each shareholder participates proportionally in the gains or losses
of the fund.
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