6430 Trusts, funds and similar financial entities
This class includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics, such as diversification, risk, rate of return and price volatility. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services. This class includes: - open-end investment funds - closed-end investment funds - trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement - unit investment trust funds This class excludes: - funds and trusts that earn revenue from the sale of goods or services, see NACE class according to their principal activity - activities of holding companies, see 64.20 - pension funding, see 65.30 - management of funds, see 66.30
Where 6430 sits in the NIC 2008 hierarchy
- >K Financial and insurance activities
- >64 Financial service activities, except insurance and pension funding
- >>643 Trusts, funds and similar financial entities
- >>>6430 Trusts, funds and similar financial entities
- >>>6430 Trusts, funds and similar financial entities
Subcategories of 6430 Trusts, funds and similar financial entities
Frequently asked questions
- What is NIC 2008 6430?
- NIC 2008 6430 is "Trusts, funds and similar financial entities". This class includes legal entities organised to pool securities or other financial assets, without managing, on behalf of shareholders or beneficiaries. The portfolios are customised to achieve specific investment characteristics, such as diversification, risk, rate of return and price volatility. These entities earn interest, dividends and other property income, but have little or no employment and no revenue from the sale of services. This class includes: - open-end investment funds - closed-end investment funds - trusts, estates or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will or agency agreement - unit investment trust funds This class excludes: - funds and trusts that earn revenue from the sale of goods or services, see NACE class according to their principal activity - activities of holding companies, see 64.20 - pension funding, see 65.30 - management of funds, see 66.30
- What does NIC 2008 6430 include?
- 6430 Trusts, funds and similar financial entities contains 1 direct subcategory: 64300 Trusts, funds and other financial vehicles.
- What is the parent category of 6430?
- 6430 Trusts, funds and similar financial entities sits under 6430 Trusts, funds and similar financial entities in the NIC 2008 hierarchy.
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