Company or legal structure that pools capital and invests in securities or other assets on behalf of investors.
An investment company is a company or legal structure that pools capital and invests in securities or other assets on behalf of investors.
It matters because many pooled vehicles people use in practice, including mutual funds, closed-end funds, and other registered fund structures, sit inside the broader investment-company concept.
Investment companies commonly include:
The term matters because it ties together the legal shell, the regulatory framework, and the investor-facing fund product. That is different from talking only about a portfolio or only about a strategy.