With many different mutual funds to choose from, how do you distinguish one from another, let alone choose which ones to invest in?
Each fund has an investment objective. One might be long-term growth. Another fund might focus on providing income in the form of dividends paid by its investments. Mutual funds select investments (such as stocks, bonds or cash equivalents) to meet those objectives. Keep in mind that mutual funds are not guaranteed or insured by any bank or government agency. You can lose money. Every mutual fund carries a certain amount of risk.
Familiarize yourself with the different types of funds and their investment objectives below and then talk to your financial professional to find a good match for your own investing style and goals.