The Mutual Fund Guide
Mutual Funds allow the investor of modest means the same access to securities as the institutional investor—access to stocks and bonds from many different companies. Beginning early in the 20th century, mutual funds achieved this by spreading an investment over a number of different stocks. What are the benefits?
Professional management.
Each fund has a knowledgeable portfolio manager or a team of managers that work full-time on the investor's behalf, with expertise in selecting suitable securities of many companies and/or governments. The average investor, who buys stocks and bonds, does not have the necessary time to assess securities, nor the expertise to make qualified investment decisions; thus he indirectly hires the fund's manager to make these decisions.
Strategies during turbulent markets
A strong case for investment fund management