Mutual Funds

Mutual funds are popular investments because they offer a cost-effective and efficient way to diversify your investments (or own a variety of securities — stocks, bonds, etc.) without having to make a large initial investment.

When you purchase units of a mutual fund, you’re pooling your money with other investors and letting the mutual fund (which is simply a professional money management company) invest and manage the money to help meet the fund’s specified investment goal (e.g., growth, income, or a combination of the two).

Your Financial Advisor has the tools to help you choose the right fund or basket of funds to meet your unique goals. Work closely with your Financial Advisor to develop a mutual fund portfolio that’s suitable for your specific situation. Hence your investment objectives and asset allocation go hand in hand with the time horizon.