Meaning of “managed fund” in the English Dictionary

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"managed fund" in Business English

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managed fundnoun [ C ]

uk us

FINANCE, STOCK MARKET an arrangement in which a financial company invests money in shares, bonds, etc. for an organization or group of investors:

As many as 80% of new investors are still opting for a managed fund.
One way of balancing risk is to invest your money in a managed fund.
A lot of cautious managed funds have 60 per cent equity and 40 per cent bonds.

(Definition of “managed fund” from the Cambridge Business English Dictionary © Cambridge University Press)