525: Funds, Trusts, and Other Financial Vehicles
Industries in the Funds, Trusts, and Other Financial Vehicles subsector
are comprised of legal entities (i.e., funds, plans, and/or programs)
organized to pool securities or other assets on behalf of shareholders
or beneficiaries of employee benefit or other trust funds. The
portfolios are customized 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. Establishments with employees devoted to the
management of funds are classified in Industry Group 5239, Other
Financial Investment Activities.
Establishments primarily engaged in holding the securities of (or other
equity interests in) other firms are classified in Sector 55,
Management of Companies and Enterprises.