Education Centre - Sandhurst Trustees
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What is a managed fund?

A managed fund is a professionally managed investment portfolio that individual investors* can buy into, purchasing units in a fund rather than in the assets directly. Managed funds come in many shapes and sizes and each has a different investment strategy. Some funds invest in just one type of investment - such as Australian shares, international shares, cash or mortgages – while others, known as diversified funds, invest across a range of asset classes.

When you invest in a managed fund you hold units in the fund. The value of your units is dependent upon many factors. All managed funds have different investment strategies and objectives. Where one fund may seek to provide investors with regular income, others may strive for capital growth or even a blend of both.

You’ll find details about a fund’s investment strategy, objectives, features, risks and fees in its PDS. You need to read the product disclosure statement in detail before you invest in a managed fund so you understand exactly what you’re investing in.

Click here for frequently asked questions regarding managed funds.

*You must be 18 years of age or older to invest in a managed fund (unless established in trust for younger children).