There are four broad types of mutual funds: Equity (stocks), fixed-income (bonds), money market funds (short-term debt), or both stocks and bonds (balanced or hybrid funds).
Also question is, is Mutual of America a mutual fund?
A no-load mutual fund that is available to organizations, endowments, foundations, trusts, municipalities and other institutional investors.
Secondly, what is Mutual of America Interest Accumulation Account? Mutual of America’s Traditional IRA permits you to allocate your money among an Interest Accumulation Account and a range of Separate Account investment funds. … Amounts placed in the Mutual of America Interest Accumulation Account are credited with interest at a rate determined by Mutual of America.
Hereof, what are 3 types of mutual funds?
The 3 Types of Mutual Funds
- Equity Funds.
- Fixed Income Funds.
- Money Market Funds.