If you don’t want the hassle of choosing which shares to buy and when, or the  potential hassle of running a second property with your investment tied up in just one house or flat, there is another way – invest in a pooled fund.

Pooled funds allow investors to put their money together, to take advantage of buying in bulk, spreading the money across lots of different investments and gaining access to fund management and investment expertise normally unavailable to you on your own.

All funds have different investment objectives and levels of risk. They invest in a large number of shares, gilts or bonds and property depending on the type of fund.