Thread: Opportunity In Real Investment

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What is a managed investment program?
In a managed investment program:

• your money is pooled together with money from other investors to buy shares or some other kind of assets
• you get an interest in the program. In almost all cases, instead of shares you get units in the program. The number of units you receive depends on how much you invest in the program.
• a professional investment manager operates the program. You do not have day to day control over the operation of the program. The manager is called a fund manager or "responsible entity".

You will find managed investment programs referred to by many different names, but their essential nature is always the same. Other terms you may come across are managed funds, unit trusts, managed trusts, investment trusts, pooled funds, collective investments and investment funds.

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