Meaning of the word "investment fund" in English

What does "investment fund" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

investment fund

US /ɪnˈvɛstmənt fʌnd/
UK /ɪnˈvɛstmənt fʌnd/

Noun

a supply of capital belonging to numerous investors that is used to collectively purchase securities, while each investor retains ownership and control of his or her own shares

Example:
She decided to invest her savings in a diversified investment fund.
Many people choose an investment fund for professional management and diversification.