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Also called: Fund vehicle

What is a fund?

Funds are collections of individual investments. Popular examples include mutual funds, exchange-traded funds or ETFs, and closed-end funds.

Funds are pooled investment products. People invest in fund vehicles in the hope of earning a positive return on the invested money.

Some common types of fund vehicles are open-end mutual funds; exchange-traded funds; closed-end funds; collective investment trusts; separately managed accounts; variable annuities; and hedge funds.