mutual fundn.
/ˈmjuːtʃʊəl fʌnd/, /ˈmjuːtʃ(ᵿ)l fʌnd/, /ˈmjuːtjʊəl fʌnd/, /ˈmjuːtjᵿl fʌnd/, U.S. /ˈmjutʃ(əw)əl ˌfənd/ Finance (originally U.S.).
A form of collective investment in a managed fund; spec. = unit trust n. at unit n. and adj. Compounds 2. Also: a company offering such an investment.
ΘΚΠ
society > trade and finance > stocks and shares > stocks, shares, or bonds > [noun] > investment trust
fixed trust1930
mutual fund1932
Totten trust1932
unit trust1936
mutual1971
1932 Keane's Investm. Trust Monthly June 186/1 While neither a management nor a fixed trust, the mutual fund does combine the elements of both.
1958 Spectator 18 July 108/1 In the United States, total investment in Mutual Funds (the American term for unit trusts) stands at over £3,000 million.
1962 S. Strand Marketing Dict. 472 Mutual Funds Market, the daily buying and selling transactions of the shares of mutual funds. Companies selling mutual funds are listed on the financial pages of newspapers.
1969 Times 5 May (Suppl.) p. vi/3 The average turnover of mutual fund portfolios rose..to 43 per cent.
1990 San Jose (Calif.) Mercury News 11 Mar. E2/5 Right now, mutual funds do not have to reveal the name of a fund's portfolio manager in the prospectus.
Derivatives
ˈmutual funding n. rare
ΚΠ
1973 Times 18 May 29/2 Expanding industries such as insurance or mutual funding.
This entry has been updated (OED Third Edition, June 2003; most recently modified version published online March 2022).
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n.1932