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INVESTMENT POOLS

Statistics Directorate    
Definition:
Investment pools are institutional units that are organized financial arrangements, excluding pension funds, that consolidate Other Financial Intermediaries investor funds for the purpose of acquiring financial assets.

Examples are mutual funds, investment trusts, unit trusts, and other collective investment units. Investors usually purchase shares representing fixed proportions of the fund.

Context:
The liquidity of investment pools can vary considerably. In many countries, investment pools are illiquid or have limited liquidity. In others, shares issued by investment pools are as (or nearly as) liquid as deposits and other liabilities issued by depository corporations. If the liabilities of liquid investment pools are included in broad money, they should be classified as other depository corporations.

Source Publication:
Monetary and Financial Statistics Manual, IMF, Washington, 2000, para. 100.

Hyperlink:
http://www.imf.org/external/pubs/ft/mfs/manual/index.htm

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, March 06, 2003