What is the name of an investment company that raises funds from investors,pools the money,and invests in stocks or bonds?

Question

Quizplus · Accepted Answer

A mutual fund firm is an investment company that raises funds from investors, pools the money, and invests in stocks or bonds. They offer diversification and professional management of investments for individual investors at a lower cost than trying to manage a portfolio on their own. Stockbrokerage firms and bond brokerage firms may offer investment services to individual clients, but do not pool investor funds in the same way a mutual fund does. Securities fund firms do not typically refer to a specific type of investment company, and the term itself is not commonly used in the industry.

What Is the Name of an Investment Company That Raises