• Mixed - this is when an investment manager accumulates money from several investors and combines them into one fund.

  • Like mutual funds, mixed funds are controlled and managed by portfolio managers who invest in a range of securities.
  • Unlike mutual funds, mixed funds are generally not regulated by the SEC.
  • Pooled funds are not publicly traded and are not available for individual purchase; instead, they appear in institutional accounts such as pensions, retirement plans, and insurance policies.