What is typically true about the management of mutual funds?

Mutual funds are typically managed by a team of professionals who are skilled in investment management. This team usually includes portfolio managers, analysts, and other financial experts who make informed decisions about the fund's investments. Their role is to research and analyze market trends, choose securities, perform risk assessments, and manage the overall investment strategy to achieve the best possible returns for the investors in the fund.

This professional management is one of the key advantages of investing in mutual funds, as it allows individual investors to benefit from the expertise of those who monitor the markets and manage the fund on a daily basis. This is particularly valuable for those who may not have the time, knowledge, or resources to manage their investments independently. The presence of professional management helps ensure that the fund adheres to its investment objectives and strategies while also seeking to maximize returns and manage risks effectively.