As part of a good, balanced investment portfolio I've been wanting to invest into a managed fund.
However, how do funds distribute profits (and losses, given the current market) around their holders.
For example, we've just off the back of a some major down times on the market. If I were to put my $10,000 into a managed fund today - and say the market goes up again - would my balance go up - or would there be some sort of delay or indeed a distribution of the losses incurred recently, which would affect my balance?
I guess what I'm trying to ask is - like picking the bottom of share prices, is there an 'art' of picking bottoms of when to buy into a managed fund? Does all the money just go into a big bucket, or is each individual contribution marked against it's own bit of "earnings" (for want of a better word).