What is a fund?
A fund is a collective pool of funds contributed by multiple investors, which is then used to invest in various assets such as stocks, bonds, money markets, etc. It is managed by a professional team or fund manager. The fund manager, based on the fund's investment objectives and strategies, is responsible for selecting and managing the investment portfolio, aiming to achieve returns for the investors. Investors purchase units or shares of the fund, allowing them to share in the profits and risks associated with the fund's investment portfolio.