On The Money: The many forms, functions of mutual funds

By By Chuck Myers

McClatchy-Tribune News Service (MCT)

Published: Tuesday, Sept. 17 2013 3:03 p.m. MDT

FILE - In this Nov. 6, 2008 file photo, a customer is silhouetted as he walks through Fidelity Investments in Boston. Fidelity Investments' operating profit rose 5 percent last year compared with 2008, and the nation's largest mutual fund company saw fund performance improve. (AP Photo/Lisa Poole, File)

Lisa Poole, Associated Press

Enlarge photo»

Mutual funds are one type of investment vehicle that allows investors to purchase a variety of stocks and bonds in a pool form. But not all mutual funds are alike. Some funds focus on specific stock sectors, while others cast a wider net.

A bevy of information about mutual funds is available on the World Wide Web. If you’d like to learn more about mutual funds, here are a few good sites:

—U.S. Securities and Exchange Commission: Explains how mutual funds work and different fund types. http://www.sec.gov/answers/mutfund.htm

Bankrate.com: Useful primer on how mutual funds work. http://www.bankrate.com/finance/financial-literacy/spotlight-gail-marksjarvis-1.aspx

—American Association of Individual Investors: Answers a variety of frequently asked questions about mutual funds. http://www.aaii.com/investing/article/mutual-funds-faqs

—Investopedia: Provides dozens of articles devoted to mutual fund topics. http://www.investopedia.com/articles/mutualfund/

—Mutual Fund Investor’s Center: Contains all sorts of info on the inner workings of mutual funds. http://www.mfea.com/InvestingBasics/LearningTopics/GetStarted/TypesFunds.asp

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©2013 McClatchy-Tribune Information Services

Distributed by MCT Information Services

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