4.6 Summary of Packaged Products

The table below summaries the features of a traditional collective investment portfolio and packaged products. Traditional collective investment schemeFund of fundLinked productWrap fundMulti-manager fundDescription & underlying investmentA collective investment...

4.5 Multi-Manager Funds

Multi-manager is a method of managing a fund’s assets. The multi-manager approach bundles asset managers together in different combinations to provide investors with choices designed to meet various risk profiles. A multi-management collective investment...

4.4 Wrap Funds

A wrap fund is a portfolio consisting of a number of underlying investment tools wrapped into a single product. Wrap funds are not classified as funds of funds as the wrap fund itself is not a collective investment portfolio but is in fact a portfolio of separate...

4.3 Linked Products

Linked investment services providers (LISPS) offers a range of investments linked to collective investment portfolios and other underlying investments. LISPs are not product suppliers as such but provide administrative systems to gain access to various suppliers of...

4.2 Fund of Funds

A fund of funds is a collective investment portfolio fund that invests in a range of other collective investment portfolios. These could be funds within a collective investment portfolio management company’s own range (internal fund of fund) or a selection of...