Mutual funds are vehicles for collective investment that pool the savings of many investors for _____________.
A collective investment vehicle is any entity that allows investors to pool their money and invest the pooled funds, rather than buying securities directly as individuals.
It is a fund wherein several people contribute and a fund manager invest the money on behalf of people, in one or more different asset classes like stocks, land, bonds.
It is any entity that allows investors to pool their money and invest the pooled funds, instead of buying securities directly as individuals.