The definition of 'Fund'
A fund is an investment vehicle with money raised to invest across multiple businesses. Funds can be managed or not and often charge differing fees dependent on the level of management and additional services offered to investors. While funds do offer investors a way to spread their capital, and risk, across many companies, there is no guarantee that a fund will do better than an investor creating a portfolio for themselves.
Funds come in many different flavours and risk levels. Investors wishing to consider investing through a fund may wish to seek professional advice from an IFA or Wealth Manager.