Collective investment schemes, the legal term used by MAS, comprise of:
(1) mutual funds (unit trusts)
(2) real estate investment trusts
(3) exchange-traded funds (ETFs).
ETFs are different from mutual fund in the following ways:
(I) listed and trades easily on the stock exchange as opposed to not being listed
(II) fund manager typically do market benchmark-tracking as opposed to fund manager who actively engage in stock-picking and market timing
Collective investment schemes, the legal term used by MAS, comprise of:
(1) mutual funds (unit trusts)
(2) real estate investment trusts
(3) exchange-traded funds (ETFs).
ETFs are different from mutual fund in the following ways:
(I) listed and trades easily on the stock exchange as opposed to not being listed
(II) fund manager typically do market benchmark-tracking as opposed to fund manager who actively engage in stock-picking and market timing