• FUNDS 4.1.2 FUNDS 4.1.2

    A Fund is a Feeder Fund if it is dedicated to investing all, or substantially all, of its assets in the Units or Debentures of a single other Fund (Master Fund).

    • Guidance

      1. A Domestic Feeder Fund may have a Foreign Fund as its Master Fund.
      2. A Sub-Fund of an Umbrella Fund is not a Feeder Fund.