Funds
Actively managed funds, bought and held in the same account as everything else.
In an actively managed fund, a fund manager decides what to buy and when to change it, aiming to do better than a benchmark. You buy into the fund and leave the stock-picking to the manager — for a yearly fee that is usually higher than an ETF’s.
Strategy in writing
Every fund publishes its strategy, holdings and costs in its key information document.
Lump sum or plan
Invest once, or monthly with a savings plan.
Wide selection
Funds available: number. Issue surcharge: your terms.
Active fund or ETF?
An ETF copies an index at low cost. An active fund tries to beat it, and charges more for the attempt. Some managers succeed over long periods; many do not. Compare a fund’s results after costs with its benchmark before you decide.
Active management can beat its benchmark or fall behind it. Higher ongoing charges come off your return either way.