Pooled investments refer to a type of investment where a group of investors pool their money together to invest in a common fund or investment vehicle. The fund is managed by a professional investment manager who makes investment decisions on behalf of the investors. Pooled investments can include mutual funds, exchange-traded funds (ETFs), hedge funds, and private equity funds. The benefits of pooled investments include diversification, professional management, and access to a wider range of investment opportunities. However, there are also risks associated with pooled investments, such as the possibility of losses and fees charged by the investment manager.