
Mutual Funds
"Mutual fund is an investment vehicle made up of pool money collected from investors and henceforth invested in Portfolios of Securities operated by an Investment Manager. A mutual fund is established based on a Collective Investment Contract between:
- Investment Manager who acts as the party that manages and monitors the portfolios of securities invested in the Mutual Fund
- Custodian Bank who acts as the party responsible for administration, safekeeping, issues and sends transaction confirmation letter & monthly report to Mutual Fund investors"
- Transparent
With pooled investment funds from multiple investors, Investment Managers can diversify the portfolio to reduce the risks that may arise from the pooled funds.
- Investment Value Growth Potential
Mutual Funds have the power to obtain a relatively low investment cost due to the size of fund managed
- Not Subject to Tax
Any amount of the proceeds and profits is not taxable