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A managed fund can be thought of as a collection of savings which are invested on behalf of the the fund's members by an agent who knows the ins-and-outs of investment types and strategies.
Managed funds can take the guess work out of investing
Although the risks of investment are minimised in a managed fund, the associated fees are generally higher than those found in other types of investment options. These days there are so many types of managed funds, and even more providers, that finding the right kind of fund for you can easily become a confusing exercise.
Some benefits of using a managed fund include:
- They offer diversification to your investment portfolio
- Members are able to make contributions regularly
- They give you access to a wide selection of investments with a relatively small amount of start up capital
- There is less paper work involved and the investment process in simplified
At LKFS, we have some of the best advisors in the business, so you can rest assured that you are always getting the best advice possible. Call us today on 1300 930 106. Alternately, you can find more information here.