These are collective or pooled investments. They are often more attractive than direct investments generally because they offer a spread of risk as the fund manager can deal in a considerable number of shares within the fund. Within these investments, there is a wide range of fund options and styles of investment management, e.g. active, passive, value, growth, income, etc, etc. Fixed interest or property exposure may be obtained via these. Additionally, other investment options include fund of funds, risk rated managed funds and sector specific equity funds, i.e. UK, Europe, etc.