(1) Lepinguline fond on varakogum, mis moodustatakse käesoleva seaduse alusel osakute väljalaskmise teel kogutud rahast või muust varast ja raha investeerimisest saadud varast ning mis kuulub ühiselt osakuomanikele. Lepingulist fondi võib valitseda fondivalitseja, kes on saanud tegevusloa käesoleva seaduse alusel või kellele on antud teises lepinguriigis eurofondi või alternatiivfondi valitseja tegevusluba. Fondivalitseja teeb lepingulise fondi varaga tehinguid oma nimel ja kõigi osakuomanike ühisel arvel.
(2) Lepingulise fondi vara võib jaguneda eraldiseisvateks investeerimisüksusteks, millele kehtib erinev investeerimispoliitika ja mida käsitatakse käesoleva seaduse tähenduses allfondidena (edaspidi allfond). Käesolevas seaduses sätestatud juhul kohaldub fondi kohta sätestatu ka allfondile.
defineeritakse selle seaduse ulatuses
(1) A common fund is a pool of assets which is established from the money collected on the basis of this Act through the issue of units or other assets and assets acquired through investment of money and which is jointly owned by unit-holders. A common fund may be managed by a fund manager which has received an activity licence on the basis of this Act or which has been issued an activity licence of a UCITS or alternative fund manager in another EEA Member State. A fund manager conducts transactions with the assets of a common fund in its own name and for the common account of all the unit-holders.
(2) The assets of a common fund may be divided into separate investment vehicles to which different investment policies apply and which are regarded as sub-funds (hereinafter sub-fund) for the purposes of this Act. In the case provided in this Act, the provisions concerning a fund also apply to a sub-fund.
