663001 Funds intermediation

This type includes:

• management of mutual funds authorised by Swiss law (mutual funds investing in securities, real estate or other assets). Mutual fund managers are free to decide how best to allocate assets, generally for the purpose of spreading risk, acting in his/her own name as well as on behalf of investors.*

*As defined by Art. 2 and 11 of the Mutual Funds Act of 18 March 1994

This type also includes:

• investment funds and foundations

This type excludes:

• activities carried out by depositary banks (see 6419)
• leasing activities (see 649100)
• activities carried out by securities brokers (see 661200)
• activities carried out by independent asset managers (see 663002)
• activities carried out by mutual fund distributors (see 661900)
• activities of representatives of funds domiciled abroad (see 661900)
• marketing and selling of real estate, buildings and accommodation (see 68)
• operational renting and leasing activities (see 77)