What is the meaning of COLLECTIVE INVESTMENT SCHEME?

Globally, is any arrangement for pooling several investors' funds so that the pooled fund can obtain economies of scale and a spread of investments beyond the reach of individual investors. It is usually called an investment company in the U. S. A.

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APABarry Goldsmith. (2010). COLLECTIVE INVESTMENT SCHEME. Retrieved September 29, 2026, from http://smartdefine.org/collective_investment_scheme/definitions/1150180
ChicagoBarry Goldsmith. 2010. "COLLECTIVE INVESTMENT SCHEME" http://smartdefine.org/collective_investment_scheme/definitions/1150180 (accessed September 29, 2026).
HarvardBarry Goldsmith 2010, COLLECTIVE INVESTMENT SCHEME, Smart Define, viewed 29 September, 2026, <http://smartdefine.org/collective_investment_scheme/definitions/1150180>.
MLABarry Goldsmith. "COLLECTIVE INVESTMENT SCHEME" 21 October 2010. Web. 29 September 2026. <http://smartdefine.org/collective_investment_scheme/definitions/1150180>