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a nonprofit institution collects the savings of its members and invests those funds in a wide variety of assets in order to provide its members with income after retirement. this describes a

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A nonprofit institution collects the savings of its members and invests those funds in a wide variety of assets in order to provide its members with income after retirement. this describes a mutual fund.

A mutual fund is a group of funds managed by a professional fund manager. This is a trust that collects money from a number of investors who share the same investment goals and invests in stocks, bonds, money market instruments, and/or other securities.

  • A mutual fund is an investment vehicle that brings together the funds of investors with a common investment goal. It then invests the money in different asset classes like stocks and bonds depending on the goals of the plan.
  • An asset management company (AMC) makes these investments on behalf of investors. Mutual funds are largely a safe investment, considered a good way for investors to diversify with minimal risk.
  • But there are cases where mutual funds are not a good choice for market participants, especially when it comes to fees.

Learn more about the mutual funds here: https://brainly.com/question/4521829

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