An intermediary that pools and manages funds for many investors is called ______

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04-08-2022
Social Studies

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An intermediary that pools and manages funds for many investors is called ______

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tutorconsortium33 tutorconsortium33 · Answer 1 · 2022-08-09T06:08:06-04:00

An intermediary that pools and manages funds for many investors is called an investment company.

What is an investment company?

A corporation or trust that invests pooled cash in financial securities is known as an investment company.
Financial firms can be privately or publicly owned, and they manage, sell, and market investment products to the general public.
BlackRock Funds (iShares), Vanguard, and Charles Schwab are three of the world's largest investment management firms.
Each of these institutions offers hundreds of mutual funds, exchange-traded funds, and other vehicles covering many asset classes to retail consumers.

Therefore, an intermediary that pools and manages funds for many investors is called an investment company.

Know more about an investment company here:

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An intermediary that pools and manages funds for many investors is called ______

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What is an investment company?

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