Which one of these investments combines the funds of many investors and hires a professional money manager to manage those funds?

Question

Quizplus · Accepted Answer

A mutual fund combines the funds of many investors and hires a professional money manager to manage those funds. The manager invests the pooled funds in a diversified portfolio of stocks, bonds, or other securities. This allows investors to have access to a diverse range of investments without the need for extensive research or management.

Which One of These Investments Combines the Funds of Many