Collective Investment Fund
Jump to navigation
Jump to search
A Collective Investment Fund is an collective investment scheme that combine the assets of various individuals and organizations to create a larger, well-diversified portfolio.
- See: Mutual Fund, Investment Fund.
References
2013
- http://www.investopedia.com/terms/c/collective-investment-fund.asp
- A fund that is operated by a trust company or a bank and handles a pooled group of trust accounts. Collective investment funds combine the assets of various individuals and organizations to create a larger, well-diversified portfolio. The following are two types of collective investment funds:
- A1 Fund: A fund of grouped assets contributed by either the holding bank or affiliated banks for the exclusive purpose of investment and reinvestment.
- A2 Fund: A fund of grouped assets contributed by pension, profit sharing, retirement, or other trusts that are exempt from federal income tax
- A fund that is operated by a trust company or a bank and handles a pooled group of trust accounts. Collective investment funds combine the assets of various individuals and organizations to create a larger, well-diversified portfolio. The following are two types of collective investment funds: