Listen to a Business English Dialogue About Purchase fund
Eleanor: Hi Thomas, do you know what a purchase fund is in finance?
Thomas: Hey Eleanor! Yes, a purchase fund is a type of mutual fund that allows investors to purchase shares directly from the fund itself, rather than through a broker or exchange.
Eleanor: That sounds convenient. How does a purchase fund work?
Thomas: Well, investors can buy shares directly from the fund at the net asset value (NAV) price, usually with lower fees than traditional mutual funds, making it easier for them to invest regularly and build a diversified portfolio.