1. An investment fund managed by a professional money manager that pools money from multiple investors to purchase securities such as stocks, bonds, and money market instruments
She invested her savings in a mutual fund to diversify her portfolio.
Ela investiu suas economias em um fundo mútuo para diversificar seu portfólio.
2. A collective investment scheme where investors share in the profits and losses proportionally to their investment
The mutual fund has delivered consistent returns over the past five years.
O fundo mútuo entregou retornos consistentes nos últimos cinco anos.