Investors who are not in a position to dabble in a wide range of stock market investments as an individual, may want to consider a collective investment scheme, in which a group of investors share the costs as well as the benefits of wide-range investing. Depending on where you are, you may find collective investment schemes being referred to by different names, including funds, investment funds, managed funds and mutual funds – although in the US, mutual funds refers to open-end funds.

