See Open-end Management (Mutual Fund) Company.

a financial intermediary that allows a group of investors to pool their money together in a preplanned investment options

A company that uses its capital to invest in other companies. Its capital is a pool of funds gathered from a number of investors and placed in securities selected to meet specific criteria and goals. Mutual fund companies fall under the jurisdiction of the provincial securities commissions.

A company that brings together money from many people and invests the money in stocks, bonds or other securities. The combined holdings of the stocks, bonds and other securities and assets the fund owns are known as it s portfolio. Each investor owns shares of the portfolio; each shares represents a percentage ownership in the portfolio holdings.

An investment company that pools money from shareholders and invests in a variety of securities such as stocks, bonds and money market instruments.