Mutual Funds
A mutual fund is a means by which an individual can gain access to the return potential of a diverse range of securities, by pooling their money with thousands of other investors within a fund that is managed on their behalf by a professional money manager. While investors delegate decision-making authority over to the fund manager with respect to choice of investments, the manager is constrained by the objectives of the mutual fund as stated in its prospectus. This gives investors the freedom to choose a fund which is consistent with their personal goals.
Professional fund managers use the pooled investors money to buy different types of securities (generally stocks and bonds). Due to the large size of mutual funds, managers have access to securities not available to individual investors. Size also allows for greater diversification of securities an important benefit to the investors. Mutual funds allow investors to invest in the world security markets without the day to day need to manage their own investments this is the job of the fund manager.
Mutual funds offer:
- Professional money management
- Diversification
- Flexibility
- Growth potential
- Choice
- Liquidity
Rick Irwin, investment representative, is registered to sell mutual funds in Nova Scotia, New Brunswick, Newfoundland, Prince Edward Island, Ontario, Alberta and British Columbia.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.