Open-ended investment company (Ofer Abarbanel online library)

An open-ended investment company (abbreviated to OEIC, pron. /ɔɪk/) or investment company with variable capital (abbreviated to ICVC) is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Company Regulations 2001 in the United Kingdom. The terms “OEIC” and “ICVC” are used interchangeably with different investment managers favouring one over the other. In the UK OEICs are the preferred legal form of new open-ended investment over the older unit trust. Continue reading “Open-ended investment company (Ofer Abarbanel online library)”

Royal Bounty Fund (Ofer Abarbanel online library)

The Royal Bounty Fund was a special UK government fund originally set up in 1782 by Edmund Burke. The operation of the fund was always shrouded in secrecy. Gifts, grants and pensions were paid out from the fund under the patronage of the prime minister and no accounts were ever published. From as early as 1802 Treasury official expressed concerns about the operation of the fund but it was not until 2002 that it was eventually wound down by Tony Blair.[1] Continue reading “Royal Bounty Fund (Ofer Abarbanel online library)”

Master-KAG (Ofer Abarbanel online library)

Master-KAG is a German expression used for capital management companies that purely specialise on the administration of special assets. KAG stands for “Kapitalanlagegesellschaft”, which means capital management company. The KAG issues the special assets, is in charge of the fund accounting, chooses the custodian bank for storing and valuing the assets and completes the necessary administrative procedures with public authorities. In contrast to other KAGs, the Master-KAG outsources the asset management (i.e. decisions about the asset allocation) to external partners.[1] Continue reading “Master-KAG (Ofer Abarbanel online library)”

National Investment and Infrastructure Fund (Ofer Abarbanel online library)

National Investment and Infrastructure Fund (NIIF) is India’s first sovereign wealth fund that was set up by the Government of India in February 2015.[1][2] The objective behind creating this fund was to maximize economic impact mainly through infrastructure investment in commercially viable projects, both Greenfield and Brownfield.[3] Continue reading “National Investment and Infrastructure Fund (Ofer Abarbanel online library)”

Non-mainstream pooled investment vehicle (Ofer Abarbanel online library)

non-mainstream pooled investment vehicle (NMPI) is a form of investment fund in the UK.[1] It is typically used as a form of fund for alternative investments, which include illiquid assets such as forestry, property or loans. Often NMPIs will have less than £100M of assets under administration. NMPIs are not listed and may be closed-ended or open-ended. Continue reading “Non-mainstream pooled investment vehicle (Ofer Abarbanel online library)”

Open-end fund (Ofer Abarbanel online library)

Open-end fund (or open-ended fund) is a collective investment scheme that can issue and redeem shares at any time. An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders. The term contrasts with a closed-end fund, which typically issues at the outset all the shares that it will issue, with such shares usually thereafter being tradable among investors. Continue reading “Open-end fund (Ofer Abarbanel online library)”

Open-ended fund company (Ofer Abarbanel online library)

An open-ended fund company (abbreviated to OFC) (Chinese: 開放式基金型公司) is an open-ended collective investment scheme structured in the form of a company with limited liability and variable share capital.[1] An OFC provides flexibility for investors (namely shareholders of the OFC) to trade their interests in the fund through the creation, redemption and cancellation of shares.[2] OFCs could be set up as public or private funds in Hong Kong. Continue reading “Open-ended fund company (Ofer Abarbanel online library)”

Pooled income fund (Ofer Abarbanel online library)

pooled income fund is a type of charitable mutual fund created from securities or cash donated by an individual, a family or a corporation to a charity, which is then invested to provide dividends for both the donor and charity. The donations are irrevocable and tax-deductible and must be from personal assets. Capital gains taxes do not apply to securities donated to such a fund. Continue reading “Pooled income fund (Ofer Abarbanel online library)”

Qualifying investor alternative investment fund (QIAIF) (Ofer Abarbanel online library)

Qualifying Investor Alternative Investment Fund or QIAIF is a Central Bank of Ireland regulatory classification[a] established in 2013 for Ireland’s five tax-free legal structures for holding assets. The Irish Collective Asset-management Vehicle or ICAV is the most popular of the five Irish QIAIF structures, and was designed in 2014 to rival the Cayman Island SPC; it is the main tax-free structure for foreign investors holding Irish assets. Continue reading “Qualifying investor alternative investment fund (QIAIF) (Ofer Abarbanel online library)”