as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how is a mutual fund managed?
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a mutual fund is professionally managed by an investment team that buys and sells securities with the goal of achieving a specified investment objective. the mutual fund's investment team may buy stocks, bonds, or other types of securities in order to assemble a portfolio that will provide positive returns for the fund's shareholders. the team monitors and adjusts the portfolio regularly to meet the changing needs of the fund and its shareholders.
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