Funds, ETFs & Index Investing
3 terms
Flexi-Cap Fund
Funds, ETFs & Index Investing
qualitative
An equity fund free to invest across large, mid and small-cap companies in any proportion.
Test: minimum 65% in equity with no mandated split across market capitalisation segments
Fund Manager
Funds, ETFs & Index Investing
qualitative
The individual responsible for making investment decisions within a scheme's mandate.
Test: the named person holds discretion over security selection within the limits set by the scheme document and by regulation
Fund of Funds
Funds, ETFs & Index Investing
%
A mutual fund that invests in units of other funds rather than directly in securities.
Total Cost = Fund of Funds Expense Ratio + Weighted Average Expense Ratio of the Underlying Funds