Funds are collections of individual investments. Popular examples include mutual funds, exchange-traded funds or ETFs, and closed-end funds.
Fund
Also called: Fund vehicle
What is a fund?
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.