Mutual Funds (US): Basics

Mutual Funds (US): Basics

Intuition Publishing Pty Ltd
Updated Sep 25, 2020

Mutual funds are open-end investment companies that invest in stocks, bonds, and other securities. An investor in a mutual fund holds a share of a security portfolio, but such shares cannot be sold on the secondary market. Here we explore the history and development of the US mutual fund market, the key market participants, and the current size of the market.