Whois & Analysis for morningstar.ca

A mutual fund is a professionally managed investment fund that pools money from many investors to purchase securities.

While there is no legal definition of the term "mutual fund", it is most commonly applied to collective investment vehicles that are regulated and sold to the general public on a daily basis.

They are sometimes referred to as "investment companies" or "registered investment companies".

Hedge funds are not mutual funds; they cannot be sold to the general public and are subject to different government regulations.

An exchange-traded fund (ETF) is an investment fund traded on stock exchanges, much like stocks.

An ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day.

Most ETFs track an index, such as a stock index or bond index.

ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features.

By 2013, ETFs were the most popular type of exchange-traded product.

The stock (also capital stock) of a corporation is constituted of the equity stock of its owners.

A single share of the stock represents fractional ownership of the corporation in proportion to the total number of shares.

In liquidation, the stock represents the residual assets of the company that would be due to stockholders after discharge of all senior claims such as secured and unsecured debt.

Stockholders' equity cannot be withdrawn from the company in a way that is intended to be detrimental to the company's creditors.

A financial market is a market in which people trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices that reflect supply and demand.

Securities include stocks and bonds, and commodities include precious metals or agricultural products.

To invest is to allocate money (or sometimes another resource, such as time) in the expectation of some benefit in the future.