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Investment companies are a type of financial intermediary, which obtains money from investors and uses that money to purchase financial assets. In return, the investors receive shares in the investment company, and thus indirectly own a proportion of the financial assets that the company itself owns. (Investments, W.F. Sharpe/G.J. Alexander).

Source Publication:
Institutional Investors Statistical Yearbook, 2000 edition, Annex III, Glossary.

Statistical Theme: Financial statistics

Created on Tuesday, September 25, 2001

Last updated on Thursday, December 6, 2001