Retail scheme investment limits govern unlisted exposure, issuer and sector concentration, associate investments, and minimum asset base. Retail schemes are subject to limits on unlisted securities, single-company exposure, sectoral concentration and investments in associates. Open-ended ... Summary
Retail scheme investment limits govern unlisted exposure, issuer and sector concentration, associate investments, and minimum asset base.
Retail schemes are subject to limits on unlisted securities, single-company exposure, sectoral concentration and investments in associates. Open-ended schemes generally have a cap on unlisted-security exposure, while close-ended schemes exceeding that threshold are subject to a minimum investor investment and an overall unlisted-security cap, subject to specified exemptions for eligible home-jurisdiction-regulated retail funds. Retail schemes must also meet a minimum scheme size, with open-ended schemes permitted to begin investment activity at a lower threshold and obtain a one-time extension to meet the required size.
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