Module V·Article IV·~1 min read
Funds and Investment Structures
Structures and Legal Schemes
Turn this article into a podcast
Pick voices, format, length — AI generates the audio
Funds and investment structures
Mutual fund
A mutual fund, where investors pool money and a manager invests
ETF (Exchange-Traded Fund)
A fund that is traded on an exchange like a stock (cheaper, more liquid)
Closed-end fund
A fund with a limited number of shares, traded on the secondary market
Open-end fund
A fund where you can buy/sell units at any time (like in a bank)
Unit investment trust
A trust where you have units (shares) in a portfolio, cannot be reallocated
Hedge fund
An actively managed fund with high fees and complex strategies (long/short, etc.)
Private equity fund
A fund that buys private companies and develops/flips them
Venture capital fund
A fund investing in startups with high potential
Fund of funds
A fund that invests in other funds (diversification, but more expensive)
SICAV
Société d'Investissement à Capital Variable (European open-ended fund)
UCITS
European standard of investment funds (strict rules, but access across EU)
AIF (Alternative Investment Fund)
Alternative investment fund (less strict than UCITS)
Family office (Single, Multi)
An office managing a family's wealth (Single = one family, Multi = several families)
REIT (Real Estate Investment Trust)
A real estate fund, traded like a stock
§ Act · what next