investment fund
/ɪnˈvɛstmənt fʌnd/ · in·vest·ment·fund
noun
- A pool of money collected from many investors that is managed collectively and invested in securities, assets, or other financial instruments. She bought shares in an investment fund that specializes in renewable energy projects.
- A professionally managed portfolio of assets that offers investors diversification, liquidity, and professional oversight. The university endowment allocates a portion of its assets to a low‑cost index investment fund.
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Did you know? The first modern mutual fund, the Massachusetts Investors Trust, was launched in 1924, paving the way for the billions of dollars of investment funds that exist today.