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643000 Trusts, funds and similar financial entities
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This type includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics, such as diversification, risk, rate of return, and price volatility. These entities earn interest, dividends, and other property income, but have little or no employment and no revenue from the sale of services.
This type includes:
- open-end investment funds
- trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement
- unit investment trust funds
This type excludes:
- funds and trusts that earn revenue from the sale of goods or services (see NOGA type according to their principal activity)
- activities of holding companies (see 6420)
- pension funding (see 653000)
- management of funds (see 663002)
closed-end investment funds; investment funds, open