Rahastosarjat

Rahastosarjat, or fund series, are a concept primarily found in Finnish investment fund legislation. A fund series allows a single legal entity to manage multiple investment funds that share certain underlying assets or investment strategies. This structure is designed for efficiency and cost savings, as it can streamline administration and reporting.

The core idea behind a fund series is that the assets and liabilities of each sub-fund within the series are segregated from those of other sub-funds. This segregation is crucial for investor protection, ensuring that the financial performance or distress of one sub-fund does not impact another within the same series. Each sub-fund typically has its own investment objective, risk profile, and unit price.

From a regulatory perspective, fund series offer a way to manage a collection of related funds under a unified framework. This can simplify the authorization process for new sub-funds within an existing series. Investors can choose to invest in specific sub-funds based on their individual investment goals, even though they are part of a larger fund structure. The management company is responsible for the overall management of the series, including the appointment of service providers and compliance with regulatory requirements for each sub-fund. This structure is common for umbrella funds or multi-strategy funds where different compartments cater to distinct investor needs.