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An umbrella fund can also be set up to provide retirement, death and other benefits to members of a participating employer. In such a fund there are several participating employers who enjoy more or less the same benefits and the fund is managed by professional trustees. They cut the cost by saving
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costs relating to regulatory duplication. Small fund managers can also benefit from the umbrella structure by splitting the regulatory costs under a single shared umbrella that holds multiple managers.
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159:"IFM02140 - Authorised investment funds (AIFs): structure, arrangement and tax status of funds: umbrella funds or companies - HMRC internal manual - GOV.UK"
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The umbrella fund structure makes it cheaper for investors to move from one sub-fund to another and saves the
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and is central to the structuring, taxation and regulation of small funds, especially the ones under the
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on maintenance and management fees and sometimes take advantage of reduced tax rates.
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185:"Treatment of umbrella funds and funds comprising more than one class of interest"
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The
Financial Times Guide to Investing in Funds: How to Select Investments
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that exists as a single legal entity but has several distinct
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32:. In UK law, the concept is defined in Section 756B of the
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This type of arrangement originated in the
European
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366:Qualifying investor alternative investment fund
252:
326:Labour-sponsored venture capital corporation
28:which, in effect, are traded as individual
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210:De Lavenere Lussan, Jerome (2012),
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14:
673:
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629:
47:industry, most notably with the
463:Socially responsible investing
393:Split capital investment trust
177:
151:
1:
351:Open-ended investment company
144:
97:Collective investment schemes
73:
64:Open-ended investment company
609:Returns-based style analysis
372:Real estate investment trust
62:model was copied for the UK
22:collective investment scheme
7:
544:Efficient-market hypothesis
90:
10:
678:
383:Short-term investment fund
627:
586:
531:
490:
426:
331:Listed investment company
300:Fonds commun de placement
274:
539:Arbitrage pricing theory
38:Appointed Representative
614:Traditional investments
599:Commodity pool operator
573:Noisy market hypothesis
568:Modern portfolio theory
418:Unitised insurance fund
346:Open-ended fund company
288:Common contractual fund
216:, FT Press, p. 2,
594:Alternative investment
508:Institutional investor
408:Unit investment trust
268:Investment management
134:Umbrella organization
102:Investment management
56:collective investment
45:investment management
398:Tax transparent fund
294:Exchange-traded fund
123:Other umbrella terms
453:Manager of managers
361:Private-equity fund
563:Martingale pricing
473:Thematic investing
438:passive management
80:investment manager
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427:Investment styles
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662:Investment funds
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482:growth investing
448:Impact investing
316:Investment trust
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190:Finance Act 2004
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34:Finance Act 2004
30:investment funds
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18:umbrella fund
604:Robo-advisor
549:Fixed income
480: /
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356:Pension fund
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194:. Retrieved
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168:. Retrieved
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107:Mutual funds
85:
77:
42:
25:
17:
15:
578:Yield curve
491:Terminology
443:Hedge Funds
336:Mutual fund
276:Investment
66:(OEIC) and
413:Unit trust
321:Hedge fund
311:Index fund
280:structures
196:2024-05-05
170:2024-05-03
145:References
74:Advantages
53:open-ended
557:Convexity
26:sub-funds
656:Category
635:Category
553:Duration
91:See also
70:models.
40:regime.
368:(QIAIF)
58:). The
532:Theory
434:Active
374:(REIT)
220:
619:UCITS
478:Value
388:SICAV
302:(FCP)
296:(ETF)
290:(CCF)
117:SICAV
60:SICAV
49:SICAV
20:is a
643:List
278:fund
218:ISBN
164:HMRC
112:OEIC
51:(an
16:An
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187:.
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551:(
260:e
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.