To discuss: The type of investment companies that hires professionals to manage the investments of a pool of investors.
Explanation of Solution
A mutual fund firm will employ the professionals to handle a group of investor’s assets.
A type of finance company comprising of a collection of money that various shareholders accumulate to invest in securities such as bonds, stocks, money market instruments, and other assets is called a mutual fund. They are run by professional portfolio executives who allocate the assets of the fund and aim at producing
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