To summarise,

1. Managed portfolios simplify multi-stock investing. Instead of selecting and managing many individual stocks yourself, managed portfolios provide a structured basket of companies built around a specific strategy or theme.

2. You still own the underlying stocks directly. When you invest in a managed portfolio, the individual stocks and ETFs are purchased in your own brokerage account. You are not buying units of a pooled fund.

3. The portfolio structure is designed by a research team. A research team selects the companies, assigns weights, and monitors the portfolio over time to ensure it continues to reflect the intended investment idea.

4. Thematic portfolios focus on specific global trends. These portfolios concentrate on one idea—such as space technology or artificial intelligence—by investing in multiple companies involved in that ecosystem.

5. Core portfolios provide diversified global exposure. Core portfolios combine global equities and fixed-income ETFs to create balanced allocations for investors who want broad international diversification without picking individual stocks.