​Management of Mutual Fund

29. Investment in funds under the same mutual fund management company

The rules apply to the mutual fund that will invest in the targeting fund as follows:

(1) The targeting fund shall not invest back to the invested fund (circle investment), and the invested fund shall not invest in other funds under the same management company (cascade investment);  

(2) No collection of redundant fees;

​​(3) Casting a vote in the targeting fund is not allowed;

​(4) Disclosures of investment policy and proportion of investment in the funds under the same management companies as well as fees and voting rights are required;

​(5) No double counting in the disclosure of NAV/AUM of the mutual fund management company, and that of the industry.