N-PLURAL
investment in a combination of fixed interest securities, equities, gilts, and property, in which an investment manager, acting on a client's behalf, varies the amount invested in each according to the returns expected 管理债券
The money can be poured into federal or state bonds, managed funds, or nonlisted Australian companies, or else invested in a combination of those assets.
Over the five years through June 2001 the mix of stocks and bonds, managed by Alex Brown, Scudder, Franklin Templeton and others, has averaged a 10.6% return annualized, against 11.1% for ABS' Callan Customized Benchmark.