CHAPTER 10Managed funds

So far in this book we have talked about buying and selling shares directly — that is, doing your own research, making your own decisions and investing in companies in your own name.

However, there is another option — you can use the services of a professional investment organisation that pools your money with other investors’ money and makes the investment decisions for you. This investment option is called a managed fund.

Managed funds are a popular and relatively easy way to invest. One transaction gives you access to a range of investments, across different asset classes, market sectors and investments that may otherwise be out of reach — such as shopping centres, office blocks, international shares and small-cap ...

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