Investing in a managed fund is a great way to diversify your portfolio and gain access to a wide range of investments. A managed fund is a professionally managed portfolio of investments that is designed to meet your financial goals. Managed funds are typically managed by a professional investment manager who will select
From Wikipedia
An index fund is a mutual fund or exchange-traded fund (ETF) designed to follow certain preset rules so that it can replicate the performance of a specified basket of underlying securities.