Investment funds are financial agencies dealing with collective investment activity.
Main aim of the Investment funds is to perform investment activity through qualified personnel with gathering the assets of individual investors. In addition, investment funds implement the diversification of risks and optimization of expenses more effectively and efficiently than private investors.
Activities of investment funds in Azerbaijan are regulated by the Civil Code of Azerbaijan Republic, “Law on Investment Funds”, other normative legal acts of Azerbaijan Republic and international treaties that Azerbaijan signed.
Investment fund manager is a legal person that exclusively deals with managing assets and holds proper permission (license) to do so. Managing assets is a management activity consisting of the sum of operations on behalf of the customer with cash, securities and other legally identified assets for the benefit of its customers or their representatives.