This document discusses different types of managed funds, including sector specialist funds that allow custom allocation between fixed interest, shares, and commercial property, and diversified managed funds that offer conservative, balanced, growth, and high growth options fitting different risk profiles. It also lists some examples of major fund managers like Colonial First State, BT, Macquarie Bank, and Credit Suisse, and notes that CommSec is a cheap way to buy managed funds online.

1. GENC3003Personal Financial PlanningAndrew Hingstonandrew.hingston@unsw.edu.auUnit 14: Types of managed funds

2. 2Types of fundsSector specialist fundsAustralian fixed interestInternational fixed interestAustralian sharesInternational sharesAustralian commercial propertyYou choose your own combination of fundsCreate custom allocation between different sectorsEg. 20% fixed interest, 60% shares, 20% commercial propertyFund managers like doing this for flexibility

3. 3Diversified managed fundsConservative (mainly FI)Balance (FI & shares)Growth (shares & prop)High Growth (all shares)You generally just choose one fund that best fits with your intended asset allocationUsually the best option for individuals since it is easier and minimises “switching costs” between funds

4. 4Examples of fund managersColonial First StateBT (Westpac)Macquarie BankCredit SuisseINGMLCCheap way to buy managed funds:www.commsec.com.au