types of mutual funds

What Are the Different Types of Mutual Funds That Exist Today?

What Are the Different Types of Mutual Funds That Exist Today?

In 2020, 58.7 million households owned mutual funds, equivalent to 45.7% of all households in the US. This comes as more individuals realize the unmatched benefits of mutual funds. Mutual funds enhance investment diversification. Also, the investments can take advantage of economies of scale, thus operational efficiencies thanks to their size. However, not all mutual…