| Managed investment funds are investment | | | | during the year that are in the form of dividends |
| schemes that pool the funds of various individual | | | | such as property funds, share or bonds and cash |
| investors. The funds acquired from the investors | | | | funds. The funds may also make profits based on |
| are then invested by well experienced fund | | | | the sold investments. The law requires that the |
| managers in a wide range of asset classes | | | | income received from the funds and the realized |
| including bonds and property in line with the stated | | | | capital gains of the funds be paid out to the |
| investment objectives of the managed funds. | | | | holders of the units as fund distribution. Managed |
| Managed funds in Australia require an investor to | | | | funds are a vital investment tool in the Australian |
| invest in the funds. The investor is then allocated | | | | financial sector. One, the funds provide investors |
| various units that represent an equal number of | | | | with adequate control over the investments |
| the market value of the investment portfolio. The | | | | without the time consuming day to day |
| units normally have a dollar value, which is | | | | management that is normally required by other |
| referred to as the ' unit price.' | | | | forms of investment. |
| The managed investment funds will earn income | | | | |