Fund Managers manage Securities portfolios: a fund in which everybody is free to participate. The money of all the investors comes together and the Fund Manager invests these Fund assets.
It is the responsibility of the Fund Manager to decide which Securities to buy and sell. Participants of the Fund receive shares in the same proportion as their investment. In this way, private investors are able to spread their investment portfolio in a way that would only otherwise, be possible by investing with a large amount of capital.
The most common Funds are Equity, mixed Funds, Bond Funds, Currency Funds and Property Funds. Most of the investment funds are an initiated by Banks and Insurance Companies, but also smaller Asset Managers may instigate them. In all cases, the AFM controls this.