Diversification - By owning shares in a mutual fund instead of owning individual stocks or bonds, your risk is spread out.

多元化-拥有共同基金股份比起单独拥有股票或者债券来说，你的风险被分散了。

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The stocks that fund managers brag about owning when they're at the squash club.

当它们还泯然于众时基金经理们就大吹大擂说要持有。

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By owning index fund shares, mutual funds, and ETFs, and by using derivatives for China-based indexes, virtually anyone can acquire a DE facto equity position in China.

指数基金持有股票，基金，etf，并应用衍生品之外，为中国的索引，现实上每团体都可以取得一个现实上的股权位置。

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But owning fund-management groups is not without pitfalls, because they have no tangible assets against which debt can be secured.

ECONOMIST: Fund management

Guru separates itself from the others through its simplistic and transparent approach to owning hedge fund-favored stocks.

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And owning one fund at each of several fund families means a lot of account statements clogging your mailbox.

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