What is the role of bond mutual funds in the investment market?

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What is the role of bond mutual funds in the investment market?

The role of bond mutual funds in the investment market is to pool money from multiple investors and use it to invest in a diversified portfolio of bonds. These funds provide individual investors with access to a wide range of bonds, including government, corporate, and municipal bonds, which they may not be able to invest in directly. Bond mutual funds also offer professional management and expertise in selecting and managing the bond investments, providing investors with a convenient and efficient way to invest in the bond market.