An investment fund pools money from many people, and a specialist team invests it in different assets. You buy units in the fund, and the unit price moves with the value of what the fund owns.

Common types

• Money market funds invest in treasury bills and deposits, move little, and usually let you withdraw quickly.
• Fixed income funds invest in bonds, with a slightly higher return and more movement.
• Equity funds invest in the stock market, can gain or lose a lot, and suit the long term.
• Gold funds follow the price of gold without you buying gold yourself.

Fees

Look for three kinds: the yearly management fee, the subscription fee when you buy, and the redemption fee when you sell. Small fees add up over the years.

How to compare

The funds page in Geneh lists every fund, and you can sort them by return or type. No fund is best for everyone, because the right one depends on how long you can leave the money in.

This guide explains how things work and is not financial advice. Check the current numbers in Geneh before you decide.