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Are mutual funds guaranteed?

Since mutual funds qualify as securities and not deposits, they are not guaranteed, their values change frequently and past performance may not be repeated.

However, fund managers and the funds themselves operate under strict securities regulations. For example, mutual funds are owned by the unitholders and are separate legal entities from the companies that operate them. Securities legislation also requires that mutual fund assets be held in trust by a custodian on behalf of unitholders.

 

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