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What does investment fund mean?

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investment fund
Noun

A vehicle established for the purpose of investing the collective funds of numerous separate and generally unrelated investors, groups of individuals or companies in a portfolio of money market instruments, bonds, equity and other securities or a combination of these financial assets based on a specific investment goal.

Synonym(s): 
  • fund; collective investment fund; collective investment scheme; collective investment undertaking; collective investment vehicle; managed fund.
  • [EU]: undertaking for collective investment in transferable securities (UCITS)
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