- Companies sell stock to raise money to fund their business operations
- Buying shares of stock gives you partial ownership of a company and lets you participate in its gains (and the losses)
- Some stocks pay dividends regularly
- Sold through a broker
- Invested in a mix of financial instruments
- Sold by SEC-licensed and authorized investment companies
- Managed by professional fund managers
- Investors buy “shares” of the MF
- Net Asset Value per Share (NAVPS) changes daily
- Earn if NAVPS appreciates
- Invested in a mix of financial instruments
- Sold by BSP-authorized banks
- Managed by professional fund managers
- Investors buy “units” of the UITF
- Net Asset Value per Unit (NAVPU) changes daily
- Earn if NAVPU appreciates