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The Financial Times Guide to Using the Financial Pages, 6th Edition by Mr. Romesh Vaitilingam

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10

Trusts and funds: the managed money markets

“ The management of stock exchange investments of any kind is a low pursuit from which it is a good thing for most members of our society to be free.”

John Maynard Keynes

“ Put not your trust in money, but put your money in trust.”

Oliver Wendell Holmes

  • Managed funds are collective investment vehicles that provide professional management of investors’ money.
  • Managed funds provide an easy way for small, private investors to get into buying shares. They help small investors to achieve the advantages available to large investors of cheaper dealing costs and a spread of investments to reduce risk.
  • Unit trusts and open-ended investment companies offer professional management of funds. Their funds are ...

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