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As with private labelling, the sponsor is not the fund manager and the product is marked with the sponsor’s name. However, unlike private labelling, the sponsor frequently takes over the functions of the custodian bank and portfolio management as well as marketing the investment fund and advising investors.

Term-Nr.: 847

German: Third Party Mandate (786)

Source: SFO D15 2010 m. e. E., 24.04.2010

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