A Pooled Investment Vehicle, also known as a pooled fund, is an investment fund that uses funds from many numerous individual investors.
The funds are then combined into a single investment fund, similar to a pension or mutual fund.
Investors who join a Pooled Investment Vehicle typically enjoy the economies of scale a larger fund value offers.
Investments made using a Pooled Investment Vehicle are generally charged less in trading costs and also offer professional management and diversification.
Gains made from a Pooled Investment Vehicle are always evenly divided between all investors, making it sometimes disadvantageous for new investors in the fund.