multi-manager
adjective [ before noun ]
FINANCE, STOCK MARKET ukusused to describe an investment product in the UK that consists of a range of different financial products, reducing the risk to the investor:
Investors have been playing it safe and turning to multi-manager funds, particularly those offering a cautious approach and steady income.
With the multi-manager approach you can get one set of statements and dividend payments.
multi-manager
noun [ C ]
FINANCE, STOCK MARKET ukusa type of fund that allows investors to have their money in a range of financial products rather than risk everything on a single product:
He predicts that multi-managers will account for a sizeable proportion of the UK funds market in the next five years.
Compare
fund of funds