Definitions for "Managed Fund"
A fund in which investors own “shares” of a portfolio of municipal securities. An investment advisor actively manages the portfolio in line with the set investment policy. Managed funds can be “open end” funds (i.e., they offer new shares to the public continuously) or “closed end” funds (i.e., with a fixed number of shares at any given time). Managed funds may maintain portfolios of specialized types of municipal securities (e.g., short-term securities or higher yielding long-term securities).
An investment fund where all investors' money is pooled together and then invested in stocks and shares by the fund manager, who buys and sells investments on a regular basis
A mixed fund of various investments eg. stocks and shares, government securities, property, managed between the sectors by the fund manager.
Keywords:  trust, unit, type
a type of unit trust