Explanatory Note
Title: Fund management activities
Includes the activities carried out by investment fund management companies,
securities investment companies, wealth management companies,
pension fund management companies, venture capital fund management companies and
mutual fund companies.
Includes the custody and administration of financial instruments on behalf of clients.
Does not include:
Investment activities, on own account, in financial markets (64990);
Insurance companies (651);
Real estate management (68);
Management of public funds and public debt services (8411);