Fund Manager
Definition
What is Fund Manager?
The licensed firm responsible for investmentAn asset or commitment of money made with the expectation of future income, growth, or both. decisions and day-to-day management of a fund.
Example in practice
How This Looks in Practice
The manager decides how much of a balanced fundA fund that combines growth assets such as shares with income assets such as bonds and cash. goes into equities, bonds, and cash within the fund mandate.
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Related Terms
Mutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.
Fund BasicsUnit
A proportional ownership interest in a mutual fund.
Fund BasicsNet Asset Value
The value of a fund's assets minus its liabilities, usually expressed in total and per unit.
Fund TypesMoney Market Fund
A mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits.