Funds

What is a fund?

A fund is a pool of investors' money run by a fund manager who invests on behalf of the customer, invested into different assets and professionally managed by the fund manager and their research team. 

Each investor receives units, which represent a portion of the holdings of the fund.

A mutual fund is a group of various investments, such as stocks, bonds, and cash. There are three main types: equity funds, fixed-income funds, and money market funds. Each type has a different level of risk associated with it.

Active funds

An actively-management investment fund has an individual fund manager or a team of managers who make investment decisions for the fund. 

Passive funds

Passive management of a fund intends to track the returns of an index, it doesn't have a fund management team making decisions and can be structured as an exchange-traded fund (ETF), a mutual fund or a unit trust. 

Important information: The price and value of investments and their income fluctuates: you may get back less than the amount you invested. If you are unsure about the suitability of a particular investment or think that you need a personal recommendation, you should speak to a suitably qualified financial adviser.

The information we provide in the ii Super 60 List is an opinion provided by ii or one of its partners on whether to buy a specific investment. Please note that none of the opinions we provide are a “personal recommendation”.

Remember that each fund is unique and hence exposed to different levels of risk. Some are relatively low risk, whilst others can be very risky and those will only be appropriate for more sophisticated investors.

There may be a Fund Manager charge, which is a percentage of the value of your investment. This can differ depending on the fund. We charge a quarterly fee to cover the cost of our services including the administration of your funds.