A mutual fund had year-end assets of $465,000,000 and liabilities of $37,000,000. If the fund nav was $56.12, 7,626,515 shares must have been held in the fund.
A mutual fund is a type of investment vehicle that combines the funds of many different participants to buy a variety of securities. Mutual funds are able to invest in a wide range of securities, including stocks, bonds, commodities, and alternative assets like real estate, as well as a number of investments in combination.
An open-end, professionally managed investment fund called a mutual fund collects money from numerous individuals to buy securities. Mutual funds hold the majority of U.S. corporations' equity. Retail or institutional investors in mutual funds are both possible.
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