A managed fund (also called active fund) is a fund that buys/sells securities based on the fund manager's decisions according to financial analysis of companies and market trends. An actively managed fund enables dynamic investment and seizing opportunities in the market. The management fees of this fund are usually higher than the alternatives (index fund or ETF), but a managed fund is exempt from any buying/selling fees. Buying this fund is available once a day at a specific time, and its price is based on its published net asset value. Investing in this fund is suitable for any investor and doesn't require expertise in the capital market.