Common fund
Encyclopedia
A common fund is a form of collective investment scheme
based upon contractual law rather than being enacted through a trust
, corporation
or insurance policy.
The model for this type of arrangement is the Fonds commun de placement
common in France
and Luxembourg
. The common contractual fund
in Ireland
is another prominent example.
Collective investment scheme
A collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group...
based upon contractual law rather than being enacted through a trust
Trust law
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another...
, corporation
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
or insurance policy.
The model for this type of arrangement is the Fonds commun de placement
Fonds commun de placement
Fonds commun de placement translates to "investment funds" or "mutual funds", and are open-ended collective investment funds based that are neither trust or company law based...
common in France
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
and Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
. The common contractual fund
Common contractual fund
A Common Contractual Fund is a new collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003....
in Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
is another prominent example.
See also
- Collective investment schemeCollective investment schemeA collective investment scheme is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group...
- Fonds commun de placementFonds commun de placementFonds commun de placement translates to "investment funds" or "mutual funds", and are open-ended collective investment funds based that are neither trust or company law based...
- Common contractual fundCommon contractual fundA Common Contractual Fund is a new collective investment scheme structure in Ireland introduced by the European Communities UCITS Regulations, 2003....