Mutual fund
Definition · Level 0 · Market basics
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A pooled, professionally managed investment vehicle you buy from and sell back to the fund itself once a day, at the NAV struck after the close: no intraday trading, no shorting.
Example
Order at 11:00, filled at that evening’s NAV: you don’t know your price until after 16:00.
Where Tradecraft teaches it
Level 0 · Market basics, in the lesson “Indices, funds & market regimes”: The benchmarks everyone quotes, how ETFs track them, and the vocabulary for market moves.
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