managed fundnoun [ C ]
ukusFINANCE, 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.