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Investment Funds
Investment Fund is
a vehicle used by an Investment Manager to gather funds
from the public for investment in a Securities Portfolio
(Art 1 item 27. of Capital Market Law).
There are two types of Investment Funds:
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Closed-end Investment Fund
An Investment Fund where the shareholders can
sell their shares back to the Issuers. Usually
Closed-end Investment Fund is listed at Stock
Exchange. Closed-end Investment Fund is
established by founding a company. The investors
of Closed-end Investment Fund are also its
shareholders.
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Open-end Investment Fund
Open-end Investment Fund is established based on
contract between Investment Manager and Custody.
This Investment Fund issues participation units. |
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