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managed bonds

pl n
  1. investment in a combination of fixed interest securities, equities, gilts, and property, in which an investment manager, acting on a client's behalf, varies the amount invested in each according to the returns expected
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012