Also known as a fund of fund. Rather than investing directly in shares, cash or fixed interest, the
managed fund invests in a selection of other managed funds usually managed by several different fund
managers. Depending on the investment objective, the multi-manager may focus on one asset class or

Multi-manager investments are a good way to diversify your investments without having to invest in numerous managed funds. They are good for people with several different manager styles in the one investment. However, because they actively hire and fire other fund managers, they are more expensive than other pre-diversified solutions such as single
manager diversified funds.

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