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English definition of “unmanaged”

unmanaged

adjective
 
 
/ˌʌnˈmænɪdʒd/
used to describe a tracker (= a financial product that only follows the general level of particular shares), rather than an investment that is managed in an active way: One unmanaged fund is American Gas Index that invests in about 75 stocks from an index developed by the American Gas Association.
(Definition of unmanaged from the Cambridge Business English Dictionary © Cambridge University Press)
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