Types Of Mutual Funds
Mutual funds fall into three types or categories: they are the stock or equity funds, Bond funds and money-market funds.
A typical stock fund may own shares in 100 or more companies that provide a range of different products and services. A government-bond fund may own issues of dif different terms, paying varied rates. And a money-market fund stays liquid or cash rich, by owning very short-term debt.
A typical stock fund may own shares in 100 or more companies that provide a range of different products and services. A government-bond fund may own issues of dif different terms, paying varied rates. And a money-market fund stays liquid or cash rich, by owning very short-term debt.
