Definition: Non-MMF investment funds

Category: European System of Accounts (ESA)

All  collective  investment  schemes,  except  those  classified  in  the  MMF (money market funds) subsector,  which  are  principally  engaged  in  financial  intermediation.  Their  business  is  to  issue investment fund shares or units which are not close substitutes  for  deposits,  and,  on  their  own  account,  to  make  investments  primarily  in  financial  assets  other than short-term financial assets and in non-financial assets (usually real estate). http://ec.europa.eu/eurostat/product?code=KS-02-13-269&mode=view European Union, Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013 on the European system of national and regional accounts in the European Union, Official Journal of the European Union No L 174, 26.06.2013, p. 1 - 727