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Where to Buy Mutual Funds
Mutual Fund Family Tips
What Are Core Mutual Funds?
What Are Growth Mutual Funds?
What Are Mutual Funds?
What Are Balanced Mutual Funds?
Mutual Fund Expense Ratio Tips
Tips on Living Wills
Why a Will & Testament is Important
How to Write a Will
Purpose of Wills
When to Contest a Will
The Importance of Wills
Are Wills Public Domain?
Types of Wills
What Are Elder Law Attorneys
Wills vs. Power of Attorney
When to Write a Will
Will Advice & Tips
Calculating Compound Interest
Discounting Interest Tips
Excess ROTH IRS Contribution Tips
Income & ROTH IRA Contributions
IRA Contribution Tips
Why Open a ROTH IRA?
Summary: A family of mutual funds is really a specific sector of the economy such as telecommunications that has many related funds within it. Understand what is meant by the word family when referring to mutual funds and how marketing plays a role in investment terminology with tips and advice from an experienced financial adviser in this free video.
Patrick Munro's affinity for investing and financial matters began more than 20 years ago with business education and service throughout the ranks of the banking, insurance and...read more
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"This is financial adviser, Patrick Munro, discussing, what is a family of mutual funds? The term family, when applied to financial instruments, sounds unusual, although many times it's not. Mutual fund companies use that word, when they're referring to the type of mutual funds, within a sector, and a sector could be, well let's just say, telecommunications,and there's various funds that are within the Telco brand. Also mining or precious metals, could be within a certain sector, as well. Sector sometimes sounds impersonal, so companies will call them fund families, and various organizations, banks, credit unions, and brokers, offer these particular sector, or family flavored mutual funds, and it's more of a marketing ploy, to allow the consumer to better understand, the products offered by these institutions. This is Patrick Munro, discussing the family of mutual funds."
eHow Article: Mutual Fund Family Tips
Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.
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