First Active has introduced a new managed fund, the First Active Investment Fund, which comprises three investment options. Customers willing to accept an element of risk may choose an equity fund incorporating world equities or a diversified managed fund which includes world equities, property, government bonds and cash. More conservative investors may open a cash fund. The minimum investment is £3,000 and there is a bonus upon opening an account of 1 per cent for investments under £25,000 and 2 per cent for investments over £25,000.