Mutual Funds

Mutual Funds

What is a mutual fund?

A mutual fund is a pool of stocks, bonds and other securities held in trust on behalf of individual investors. When you invest in a mutual fund, you purchase units in a professionally managed portfolio of securities, with each unit representing a share of ownership in the portfolio

You can hold a mutual fund on its own as a non-registered investment, or within your registered plan —TFSA, RRSP, RESP, RRIF.

Mutual funds are offered through Credential Asset Management Inc.

 

 

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Vanguard Credit Union is a full-service financial institution with branches in Binscarth, Birtle, Brandon, Hamiota, Kenton, Miniota, Oak Lake, Oak River, Rossburn, Russell, and St. Lazare.

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