S.1241 Investment funds (UCITS)

The sub-sector includes investment funds that invest their assets in transferable securities with consideration to the restrictions set by the directive on UCITS (undertakings for collective investment in transferable securities) investment funds
(2009/65/EC). In practice, this refers to ordinary investment funds marketed to non-professional investors such as households. Money market funds do not belong to this sub-sector but to sector S.123. [0]

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