Fund management activities

This class includes portfolio and fund management activities such as making decisions on which investments to purchase or sell, on a fee or contract basis, for individuals, businesses and others, for example:

• management of mutual funds
• management of other investment funds
• management of pension funds

This class also includes:

• activities of asset management on a fee or contract basis
• trustee, fiduciary and custody services on a fee or contract basis

This class excludes:

• dealing in financial markets on own account, see 64.99
• management of real estate, see division 68
• management of public funds and public debt services, see 84.11