👉 Mutuels are a type of financial transaction where two or more parties enter into an agreement to exchange assets or services. In this context, "mutual" refers to the fact that both parties involved have agreed to exchange something of value, which in this case is money or goods. For example, imagine you're buying a new car for your family. You and your partner might agree to exchange some of your savings for a used car. This is an example of a mutual agreement where both parties are
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What is the definition of Mutuel? 🙋
👉 A mutual fund is a type of investment vehicle that allows investors to invest in multiple stocks or bonds, with each stock or bond having its own account. The mutual fund's assets are pooled together and managed by an independent manager, who then distributes the funds to individual investors based on their holdings. Mutual funds typically offer higher fees than exchange-traded funds (ETFs), but they provide a more diversified portfolio of investments.
