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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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