Intra-pooling: is restricted to sub-funds in the same umbrella structure; extra-pooling: facilitates the pooling of assets in various fund structures. We distinguish between virtual pooling (shares in pool assets) and cloning (not pooling), in which the funds are direct proportional owners of the securities. The aims of virtual pooling and cloning are a) globalisation (cross-border), b) bunching (scale effects) and c) rebalancing (effectiveness). The relationship must be rebalanced when new funds are injected into the pool.
German: Pooling (616)
Source: SFO D15 2010 m. e. E., 24.04.2010
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