They are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter.

Answer: Mutual Funds

Explanation:

Mutual funds are a kind of financial agency constituted of a pool of capital gathered from several investors to buy securities such as stocks and bonds. A mutual fund is run by a manager who allocates the fund's capital to make investors' money grow, so every shareholder shares both the profits or losses of the fund. Each mutual fund has specific investment objectives.