Investment funds , also known as Collective Investment Institutions (IIC), are collective investment vehicles managed by a professional manager, that is, a group of savers delegate decision-making on the investment of their assets to professional managers.
This investment is made jointly in the assets that the management team considers appropriate to obtain the maximum possible profitability based on a previously defined investment strategy. In other words, what an investment fund does is take the money of many savers to invest on their behalf.
With this definition of an investment fund, it is a vehicle made up of assets, which does not have legal personality, and which is divided into shares .
What is an investment fund?