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What is an investment fund?

An investment fund may sound like a foreign idea, but it is far more commonplace than most people realize. An investment fund is a company whereby investors pool their money together for reinvestment into other companies and businesses. Rules for starting and capitalizing investment funds can be found under the Investment Company Act of 1940 and the US Securities Act of 1933, as well as the regulations promulgated thereunder. In fact an investment fund is legally known as an investment company and is defined as “any issuer which–

(A) is or holds itself out

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