What is the definition of fond (as in Investment fond)?

An investment fund is a type of financial vehicle that pools together money from multiple investors to purchase securities, such as stocks, bonds, real estate, or other assets. The goal of an investment fund is to provide investors with a diversified portfolio and the opportunity for higher returns than they could achieve by investing on their own. Investment funds are managed by professionals and can be open-ended or closed-ended, with different levels of risk and return.

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