“The portfolio manager of a mutual fund provides ongoing monitoring and rebalancing of the investments, allowing investors to spend more time with family or on hobbies important to them.”
What is a mutual fund?
A mutual fund is a professionally managed pool of stocks, bonds and/or other securities, aimed at a specific theme or investment objective. Instead of investing on their own, investors choose to pool their money together for a professional portfolio manager to make investment decisions on their behalf.
Mutual funds are a convenient way to invest in the market, without needing extensive investment knowledge and to reduce your risk through diversification as the the mix of funds can range from a variety of industries and regions.