Which is the best Managed Fund in Australia? Well, there are many types of ‘funds’ that exist within Australia, however, unless you are positioned within the financial services industry or you are a sophisticated investor by definition (annual salary exceeding $250,000 in two consecutive years or assets exceeding $2.5 million) you are less likely to not have as much knowledge around the managed funds available.
Every working Australian has a managed fund and this falls under your superannuation. By definition, a managed fund is a type of ‘managed investment scheme’ in which your investment or money is pooled together along with others. With a fund created, the fund manager then buys and sells shares or other assets on behalf of the funds.
With your superannuation, the Australian super guarantee rate of 9.5% which will rise to 12% by 2025 is a managed fund that has been created to ensure your financial security in retirement.
As a holder of superannuation, you can log into your super account and see how much you have, what investment mix your portfolio is set up to achieve, what assets your money is invested in and how the performance it is tracking.
The difference with your superannuation fund is that by law unless you have ‘exceptional circumstances’ you can’t access your super until you are 65 or have permanently retired from 55 to 60 years old, depending on a range of circumstances.
As with many funds and financial instruments for that matter, one of the major uses for managed funds is that of diversification
1. Schedule an appointment (Conference Call) with an Investment Manager
2. Submit a Managed Discretionary Account (MDA) application with Walker Capital Australia.
3. Open a trading account with the Walker Capital Australia’s executing broker.
4. Select from our range of investment strategies and choose your asset allocation between the choices of accounts.
5. Once all accounts are opened, and funds have been chosen, our team gets to work and begins trading.