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Prospectus A prospectus is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers. Prospectus usually explains the overall investment goals, how the fund manager expects to meet those goals, any management fees charged to investors, the investment's historical returns and projections for the future.In the context of an individual securities offering, such as an initial public offering, a prospectus is distributed by underwriters or brokerages to potential investors. |
