Managed funds are mushrooming, with now more than 3,000 funds on offer to Australian investors. But what are managed funds all about, and which ones are right for you? In his clear, straightforward fashion, Paul Clitheroe, Australia’s best-known financial adviser, explains all you need to know about managed funds: what they are, how they work, and how they can generate wealth, so that you can decide which fund or funds will best help you reach your financial goals.