Which type of investment combines and invests the funds of many individual investors under the guidance of a portfolio manager who evaluates and selects securities to meet the portfolio objectives?

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A mutual fund is an investment vehicle that pools money from multiple investors, which is then professionally managed by a portfolio manager. The portfolio manager selects a portfolio of securities that aligns with the investment objectives stated in the fund's prospectus. Mutual funds offer diversification and professional management, making them a popular choice for novice and experienced investors alike. ETFs and option funds also exist, but they have some notable differences compared to mutual funds.

Which Type of Investment Combines and Invests the Funds of Many