643102 Activities of non-money market investments funds

This type includes:

• activities of non-money market investment funds. Non-MMF investments funds are collective investment schemes that raise funds by issuing shares or units to the public and that invest the proceeds mainly in financial assets other than short-term assets and in non-financial assets. Non-MMF investment funds cover investment trusts, unit trusts and other collective investment schemes whose investment fund shares or units are not seen as close substitutes for deposits. They are not transferable by means of cheque or direct third-party payments.

This type also includes:

• activities of investment foundations if they invest in assets other than short-term assets

This type excludes:

• activities of investment funds that earn revenue from the sale of goods or services. These type of funds are classified according to their principal activity (e.g. real estate funds), see 681100