Understanding the Pros and Cons of Managed Funds
In This Chapter
Appreciating what managed funds have to offer
Understanding the meaning of diversification
Finding a managed fund to suit you
Noting four reasons why managed funds may not be suitable for you
Comparing managed funds with other investments
Managed funds can be a great way for many people to invest. Accessing professional management, the ability to instantly spread your investments across a range of different investment types and not having to keep an eye on the investment every day are reasons enough to tempt a large number of Australians to use managed funds. A huge range of funds is available across different parts of the market and different types of funds appeal to different types of investors. Whether you’re a slow and steady type or prefer a bit more zing to your investing, you can find a fund to cater to your needs.
Investors should be aware of some of the downsides to managed funds. Investing in managed ...