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...The goals of chapter introduce investment companies functions and different types unit trusts managed other organizations various kinds mutual funds which are dominant type discuss costs taxes investing in exchange traded etfs performance an company collects money from investors invest proceeds a portfolio securities on behalf those while pool assets for they also sell shares represent ownership this financial intermediaries trade their shareholders rather than own account net effect is to channel household savings business sectors existence reason provide mechanism small team up obtain benefits large scale essence legal arrangement fund i e you can treat each as four major administration record keeping keep track position any income well shareholder send periodic status reports reinvest dividends interest incomes achieve diversification avoid indivisible problem by polling individual act that diversified stock share lower transaction due block trading could save substantial brokerage ...