A pooled investment fund whose shares are bought from and sold back to the fund itself rather than traded on an exchange.
From this site’s articles: "Mutual funds transact at net asset value once per day. Subscriptions and redemptions are processed after markets close."
Quoted passages come from the articles on this site.
Covered in: Why ETFs Surface Liquidity Constraints Faster Than Mutual Funds
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This material is provided for informational and educational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security.
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