Business and Personal Finance Dictionary

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• INVESTMENT COMPANY
  
  An investment company is a firm that offers either open-end funds, called mutual funds, or closed-end funds, sometimes called investment trusts. Each fund that a company offers has a specific investment objective, and money that individuals and institutions put into the fund is pooled and invested by a manager employed by the investment company to meet that objective. For example, an open-end investment company might offer an aggressive-growth fund, a growth and income fund, a US Treasury bond fund, and a money market fund. Or a closed-end investment company might offer an international fund focused on a single country, such as Ireland, or a region, such as Latin America. The term investment company is often used to describe a mutual fund company to distinguish the company from the funds that it offers.
  
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