Raiffeisen INVEST doo Sarajevo
Zmaja od Bosne bb
71 000 Sarajevo
Bosna i Hercegovina
Tel: +387 33 728 600
Fax: +387 33 657 654
Investment funds are institutional investors set up by fund management companies subject to approval by the Securities Commission. Their sole purpose is collecting funds by issuing units and investing in financial markets, dedicated to achieving a maximum return for the investor at an acceptable degree of risk.
An open-ended investment fund with a public offering is a separate asset without legal personality, whose funds are invested in accordance with the Investment Funds Law and whose unitholders are entitled not only to get a pro rata share in the fund’s profit but also to demand a redemption of their units at any time and so exit the fund.
The units are considered to be securities and are freely transferable. The assets of an open-ended investment fund with a public offering, collected via the issue of units in the fund and their sale to the public, as well as the assets acquired by investing paid-in pecuniary assets, including any income and the rights arising from the assets in the fund, form the open-ended-investment fund with a public offering, i.e. separate assets which are owned collectively by the holders of units in the fund.
The operations of investment funds and investment fund management companies in the FB&H are regulated by the Investment Funds Law and other regulations, and their establishment and operations are supervised by the Commission.