supermarket funs question

hebron

In researching funds to invest in, they have they have all different confusing name like:Active managed, specialist, absolute return, income, balanced fund etc.

Although some are self explanatory some are not, is there a website that explains all these meaning please.
Thanks

dunstonh

The name is only an indication. It doesnt tell you anything really useful about the fund. You need to look at the asset make up (where it invests) and the investment objectives.

For example, just because a fund is in the cautious managed sector does not make that fund cautious.

The consumer data sites, like trustnet will usually give a fairly generic description of the sector or just repeat the IMA sector description. Here's a basic one from the free version of trustnet: http://www.trustnet.com/Investments/SectorPerf.aspx?univ=U

Rollinghome

The IMA definitions and parameters are here: http://www.investmentfunds.org.uk/statistics/sector_definitions/definitions.asp

But as already pointed out it doesn't tell you much. As was shown last year, a "cautious managed" fund in practice can be a lot less cautious than a balanced or active managed one.

hebron

I will certainly take your points on-board. Thank you for pointing that out and thanks for the links.