Its called Mutual Funds.
And what is Mutual Funds anyway?
By definition, A Mutual Fund is a Pool of funds by individuals, companies, corporations and other investors which are invested in different types of instruments. Usually this is handled by a professional fund manager. You and me can invest in a Mutual Fund for as low as a certain amount set by the fund itself.
Like UITFs, Billions of pesos are invested in this type of fund which is carefully studied by the fund manager for capital preservation and to earn more. Like UITFs, there is always a disclaimer that "past Performance doesn't guarantee future results" which simply means there are risks entailed for each type of fund.
You may also visit their official website for more information on Mutual Funds
On the next post, I'll share some of the types of Mutual Funds that you could choose from. I'm sure you already have an idea what are they.
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