managed fund
nounUK /ˈmæn.ɪdʒd fʌnd/
US /ˈmæn.ɪdʒd fʌnd/
A managed fund is a big pool of money that a group of people put together, and a helper decides how to spend it.
My parents put some money in a managed fund so a helper could take care of it.
RELATED WORDS
OTHER MEANINGS
2. A fund run by a professional company that invests money for many people at once.
The managed fund bought shares in several companies.
3. A type of savings plan where experts choose where the money goes.
She joined a managed fund to save for college.
4. A collection of money from many investors, looked after by a manager.
The managed fund grew slowly over the year.