The mutual fund firm only has the right to purchase and sell shares on your behalf when you invest in one.
It is not the owner of the properties it acquires. All of the investors who put money into the mutual fund are the owners of those funds.
As a result, these properties are handled by a third party known as a custodian.
Custodians are usually trusts, financial institutions such as banks, or other related entities.
Post Disclaimer
For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
