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The Managed Funds section of this website deals with both New Zealand and Australian funds with more of a focus on the former.
Are managed funds suitable for me?
Managed funds - the status
In March 2011, New Zealand managed funds had a market value of NZ$68 billion and Australia AU$1,452 billion. The following table shows where both countries invest their managed funds:
Managed Funds in NZ and AUS
31 March 2011
|Domestic Equities Investments||8||440|
|Domestic Other Investments||29||774|
|Total Managed Funds||68||1452|
|as a % of GDP||35%||106%|
NZ industry, capital markets and the economy have suffered significantly from a lack of local investment in equities and managed funds and the diversion of investment offshore or into residential property. The reverse has been true of Australia.
What is a managed fund?
A managed fund is money pooled together by many investors. That money is then invested by a manager in shares of say public companies or in other assets on behalf of all those investors. Generally the fund receives income and pays out some of that income as a regular ‘distribution’ to the investors.
The value of the investment rises or falls depending on the value of the underlying shares or other assets. The manager of a fund is called the investment manager or fund manager.
Steps to investing in a managed fund
There are advantages for the investor in managed funds (and also some pitfalls) irrespective of where those funds are ultimately invested. If you are thinking of investing in a managed fund, we strongly recommend you go through the following webpages in sequence: