The type of investment that combines and invests the money of many individual investors under the guidance of professional managers is called a:

Question

Quizplus · Accepted Answer

A mutual fund is a type of investment where the funds of many individual investors are pooled together and invested in a diverse portfolio of stocks, bonds, or other securities by professional managers. This allows for diversification, lower investment costs, and professional management. The other options, prospectus, securities exchange, and GIC account do not involve pooling funds and professional management.

The Type of Investment That Combines and Invests the Money