A Multi Manager fund is commonly known as a ‘fund of funds’. In contrast to other types of funds, a Multi Manager fund simply invests in a selection of funds rather than a variety of company stocks or bonds. This provides you with a great level of portfolio diversification as well an easy and affordable way to invest in a variety of funds rather than selecting each one individually.
For some, the prospect of combining a number of funds increases the probability of continuous growth. Moreover, a Multi Manager fund can reduce risk as you will not be completely expectant on one fund performing.