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A mutual fund is an investment fund that pools money from many investors to purchase securities.The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK.
Mutual funds tend to be lower risk than many other types of investments because they provide diversification, offering a collection of stocks, bonds and other equities in one fund. There is always ...
Mutual funds typically pay dividends to shareholders on a predetermined schedule – often quarterly, semi-annually or annually. These dividends come from the stocks and bonds the fund invests in. ...
A mutual fund pools money from many investors and invests it in securities such as stocks, bonds and other assets. The combined holdings of the mutual fund are known as its portfolio.
However, it became defunct after the 2003 mutual fund scandal amid charges of improper mutual fund trading. In May 2004, the firm agreed to pay $80 million in restitution to investors, and founder/CEO Richard Strong agreed to personally pay an additional $60 million. Two other executives were also sanctioned and fined.
Evergreen Investments had US$245.9 billion in assets under management, 83 mutual funds, 2.7 million mutual fund shareholders and 1,064 employees as of June 30, 2008. [3] Evergreen ranked among America's 30 largest asset management companies and one of the top 25 largest mutual fund families.
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