How does an investment fund work?

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The fund is managed by the fund manager who invests the sums collected - from private (which includes savers) or public investors - according to a predefined investment policy and then selects the types of assets which will make up his portfolio. investment such as:

• Shares: part of the capital of a company;

• Bonds: part of the debt of a company or a state;

• Monetary: government or highly rated corporate debt (low risk).

Each saver receives a number of fund shares, equivalent to the amount invested and based on the value of the share at the time of investment. When he decides, the saver can resell his shares in the hope of making a gain (capital gain).