Portfolio managers are hired by the mutual fund to invest in a portfolio of securities that satisfies the desires of investors.

Question

Portfolio managers are hired by the mutual fund to invest in a portfolio of securities that satisfies the desires of investors. 
 ​

Quizplus · Accepted Answer

Portfolio managers are professionals hired by mutual funds to manage the investment portfolio according to the fund's objectives and the investors' goals, making decisions on what securities to buy, hold, or sell to achieve the desired outcomes.

Portfolio Managers Are Hired by the Mutual Fund to Invest