Guía de Emisores Acciones BVC ● Guide of Listed Companies 2014 Guía de Emisores Acciones BVC ● Guide of Listed Co | Page 49

ColleCtive investment
Funds (CiFs) allow any
person to aCCess a wide
array oF assets with
a minimum investment.
Investors have tools available to them such as Collective
Investment Funds (CIFs). As the
name implies, CIFs allow various investors to come together and delegate the management of their resources
to a single administrator, who invests
these resources in an assets portfolio.
CIFs are efficient mechanisms that
channel collective savings towards
capital markets, and that have the
advantage of being able to generate
economies of scale in such way that
management costs are lowered. They
also give Investors access to professional management (better selection of
assets) and a bette