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The Cayman Islands are situated in the western Caribbean Sea. It is an overseas territory of United Kingdom. The island nation comprises three islands: the largest island being the island of Grand Cayman with the two sister islands of Cayman Brac, and Little Cayman. Cayman Islands are situated south of Cuba, northwest of Jamaica and south of Miami. The capita.. A mutual fund is a form of collective investment that pools money from many investors and invests the money in stocks, bonds, short-term money market instruments, and/or other securities. [1] In a mutual fund, the fund manager trades the fund's underlying securities, realizing capital gains or loss, and collects the dividend or interest income. The investment proceeds are then passed along to the individual investors. The value of a share of the mutual fund, known as the net asset value (NAV), is calculated daily based on the total value of the fund divided by the number of shares purchased by investors.
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