Also called a unit trust, it's an entity that invests the money of a pool of people in various securities
The Undertakings for Collective Investment in Transferable 
Securities ... Each time money is invested, new shares or units are created to 
match the... [DOC] [TLE] Pooled Funds Definition | Investopedia [PAR] Because mutual funds contain hundreds or thousands of securities, investors are 
... Mutual funds also offer a range of investment options for the highly ...