What does fond mean?

In the context of investments, a fond is a type of mutual fund or collective investment scheme. It pools money from multiple investors and uses that money to buy a diversified portfolio of securities, such as stocks, bonds, or other assets. The fund is managed by a professional fund manager who makes investment decisions on behalf of the investors. The goal of an investment fond is to provide investors with a diversified portfolio that generates returns through a combination of income and capital appreciation.

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