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Managed Investments Or Funds
A unit trust that allows investors to pool their money with that of other investors so that the fund can buy a wide range of investments. Investments are managed by a professional Fund Manager who makes the investment decisions.
A unit trust that allows investors to pool their money with that of other investors so that the fund can buy a wide range of investments. Investments are managed by a professional Fund Manager who makes the investment decisions.
Management Expense Ratio (MER)
A ratio expressing the management, trustee and certain other expenses of a managed fund as a proportion of the net asset value of the fund.
A ratio expressing the management, trustee and certain other expenses of a managed fund as a proportion of the net asset value of the fund.
Margin Loan
A line of credit established for the purpose of investing in shares or unit trusts, often used to maximise your returns.
A line of credit established for the purpose of investing in shares or unit trusts, often used to maximise your returns.
Maximum Deductible Contribution (MDC)
The maximum amount of super contributions per annum for which a tax deduction is allowed. The limit is dependent on your age.
The maximum amount of super contributions per annum for which a tax deduction is allowed. The limit is dependent on your age.
Money Market
A market where short-term securities, such as promissory notes and bills of exchange, are traded. Securities in the money market all have terms of one year or less.
A market where short-term securities, such as promissory notes and bills of exchange, are traded. Securities in the money market all have terms of one year or less.