managed fund
noun[C]
ukusFINANCE,STOCK MARKET
anarrangementin which afinancialcompanyinvestsmoneyinshares,bonds, etc. for anorganizationorgroupofinvestors:
As many as 80% of newinvestorsare stilloptingfor amanagedfund.
One way ofbalancingriskis toinvestyourmoneyin amanagedfund.
A lot ofcautiousmanagedfundshave 60percentequityand 40percentbonds.