mutual fund

US /ˈmjuː.tʃu.əl ˌfʌnd/
UK /ˈmjuː.tʃu.əl ˌfʌnd/
"mutual fund" picture
1.

an investment program funded by shareholders that trades in diversified holdings and is professionally managed

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She decided to invest in a mutual fund for her retirement savings.
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Diversifying investments through a mutual fund can reduce risk.
:
investment fundunit trustopen-end fund
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mutualfundfundinghedge fundpension fundindex fundslush fund