Emerging Industry Overview: Mutual Funds
Industry Snapshot
As one of the most popular investment vehicles in the United States, mutual funds take money from public investors and invest it as a collective institution. Investment decisions are made by a fund manager chosen by the board of directors. The fund manager is responsible for making the right picks to deliver strong returns to investors. While there are mutual funds for every type of investor, from the tycoon to the neophyte, they can be particularly attractive to inexperienced investors, not only because fund participants are not charged with direct control over investment...