Sub-Adviser
Definition
What is Sub-Adviser?
An investmentAn asset or commitment of money made with the expectation of future income, growth, or both. manager appointed by the primary adviser or fund to manage part of a portfolioThe complete collection of investments owned by an investor or managed under one mandate..
Example in practice
How This Looks in Practice
A global specialist manages the fund's foreign-equity allocation as sub-adviser.
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Related Terms
Collective Investment Scheme
A regulated arrangement that pools investors' money for investment according to a common objective.
Fund Structure & RegulationOpen-Ended Fund
A fund that can create or cancel units as investors subscribe and redeem.
Fund Structure & RegulationClosed-Ended Fund
A fund with a relatively fixed number of units that investors usually trade with one another.
Portfolio MetricsAsset Allocation
The percentage of a portfolio invested across asset classes such as cash, bonds, shares, and property.