Naive question: What is the difference between a Stock Fund and a Mutual Fund? I thought a Mutual Fund is a collection of various stocks?
This is how Fidelity describes its "International Stock Fund" :
What it is
Institutional non-U.S. stock fund, not a mutual fund.
Goal
Seeks to provide long-term growth of capital and future income by investing in companies based outside the U.S.
What it invests in
Stocks of companies outside the U.S., with an emphasis on large-capitalization companies in Europe, Canada, Australia and the Far East, which the fund manager believes to be strong, well managed, and attractively priced. The fund may invest a portion of its assets in emerging market stocks and non-EAFE stocks, including non-U.S. small-cap stocks. Foreign investments, especially those in emerging markets, involve greater risks than U.S. investments. These risks include political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation.
Sounds a lot like a mutual fund to me. What am I missing?
Thanks,
Sam
This is how Fidelity describes its "International Stock Fund" :
What it is
Institutional non-U.S. stock fund, not a mutual fund.
Goal
Seeks to provide long-term growth of capital and future income by investing in companies based outside the U.S.
What it invests in
Stocks of companies outside the U.S., with an emphasis on large-capitalization companies in Europe, Canada, Australia and the Far East, which the fund manager believes to be strong, well managed, and attractively priced. The fund may invest a portion of its assets in emerging market stocks and non-EAFE stocks, including non-U.S. small-cap stocks. Foreign investments, especially those in emerging markets, involve greater risks than U.S. investments. These risks include political and economic uncertainties of foreign countries, as well as the risk of currency fluctuation.
Sounds a lot like a mutual fund to me. What am I missing?
Thanks,
Sam