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e. describe mutual funds and compare them with other pooled investment products.
"Pooled investments" is a term given to a wide range of investment types, such as mutual funds, exchange traded funds, separately managed accounts. When you invest in a pooled investment, your money goes into an investment fund. Here, you pool your money with others so you can help spread the risk. Professional fund managers then invest the money on your behalf in a highly competitive environment.
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