Managers of actively managed mutual funds buy and sell investments to achieve a particular goal, such as providing a certain level of return or beating a relevant benchmark. As a result, they generally trade much more frequently than managers of passively managed funds whose goal is to mirror the performance of the index the fund tracks. While acti [..]

  A mutual fund in which individual stocks, bonds and/or cash investments are bought and sold based on research or other criteria used by fund managers. Actively managed funds generally try to outperf [..]

an investment strategy that seeks to achieve a particular goal, e.g. to perform better than a particular comparative benchmark (e.g. the market or an index) through selection of individual securities [..]

Mutual fund in which a portfolio manager actively monitors the composition of the portfolio, buying and selling securities in response to changing market conditions.