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What's a mutual fund?

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A mutual fund is a pool of money managed and invested by investment experts. When you invest in a mutual fund, you combine your money with that of other like-minded investors. Each mutual fund has a professional investment manager who either researches, chooses and monitors investments for the fund or, if it’s an index fund, invests in the same securities and in approximately the same proportion as the market index being tracked.

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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