Mutual Fund

صندوق استثمار

A mutual fund is a pooled investment vehicle that collects money from many investors and invests it in a portfolio of securities run by a professional fund manager. Investors own units (documents) of the fund rather than the underlying securities, and the unit price is derived from the fund’s net asset value (NAV). In Egypt, mutual funds are typically sponsored by banks and investment firms and are regulated by the Financial Regulatory Authority.