Exchange permission is the right granted to shareholders of mutual funds to switch their investment from one fund to another within another fund family.
A cornerstone is a pool of funds dedicated for a certain purpose. A fund may be established to fulfill a number of goals, including the launch of a particular civic center by the local government, the giving of educational scholarships, or the settlement of customer claims through an insurance company.
Funds are cooperative investments that help you diversify your total risk by pooling your money and the investment of other investors and investing it in a variety of underlying businesses.
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