How do managed funds work?

When you invest in a managed fund, you buy units. The more money you invest, the more units you own. Your money is combined with other investors’ money and invested on your behalf by a professional fund manager. They’ll choose a mix of assets (like shares, listed property or bonds) based on the type of fund you choose.

The value of your investment can go up and down as markets change, and (with the exception of KiwiSaver where you can usually only withdraw your money when you turn 65 or for your first home) you usually have the flexibility to add or withdraw money when you need – it’s not locked in. Learn more about managed funds.

 Learn more.

• What are investment assets?
• How do I choose a managed fund?
• All Investment FAQs

Things you should know.

BT Funds Management (NZ) Limited is the issuer and manager and Westpac New Zealand Limited is a distributor of the Westpac Active Series.

The material on this webpage is provided for general purposes only and is not a recommendation or opinion in relation to the Westpac Active Series. You should not rely solely on the information on this webpage.

Investments made in the Westpac Active Series do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances and loss of investment value, including principal invested.

None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Westpac Active Series' performance, returns or repayment of capital.

View the Product Disclosure Statement for the Westpac Active Series or get a copy from any Westpac Financial Adviser.