Collective Investment Schemes (CIS)

AREAS OF PRACTICE

Collective Investment Schemes (CIS)

It is a trust based scheme where many different investors pool their money with similar investment objectives into a CIS portfolio, and then this pooled money is managed and invested in a range of assets by professional investment managers. Each investor owns a portion of (or units in) the fund. The common types of CIS are Unit Trust Funds (UTF), Wholesale Funds (WSF), Exchange Traded Funds (ETF) Private Retirement Schemes (PRS) and Real Estate Investment Trust (REIT).
 

Trustee is appointed to act as the custodian of all assets in the portfolio, holding these on behalf of investors. Another function is to ensure that the CIS is managed in accordance with the deed of the scheme and the requirements of the relevant Acts and Guidelines.  

Members acting as trustee for Collective Investment Scheme: