Archived - Standard Industrial Classification - Establishments (SIC-E) 1980

• K - Finance and Insurance Industries
• 72 - Investment Intermediary Industries
• 721 - Portfolio Investment Intermediaries

7211 - Investment (Mutual) Funds

Establishments primarily engaged in investing in a specialized or diversified portfolio of securities and other investments on behalf of their shareholders/unitholders. Shares or units in the fund are issued to the public at a price based upon the net per share (unit) of that fund asset value at the time of purchase and redeemed virtually on demand at the net asset value at the time of redemption. This industry includes establishments of investment funds sponsored by banks, trust companies, insurance companies, mutual fund management companies, etc. Establishments known as retirement savings funds are classified in 7212 - Retirement Savings Funds.