Kitchen updates such as tile flooring, refacing old cabinets and updating appliances to energy-efficient models will see a substantial return--approximately 84.5 percent in the San Francisco area, for instance, according to Remodeling magazine's Cost vs. Value Report for 2009â2010.
What is a 'Collective Investment Fund'. A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts. Collective investment funds groups assets from individuals and organizations to develop a larger, diversified portfolio.
Pension trusts: The trust is a legal scheme whereby named people (âtrusteesâ) hold property on. behalf of other people (âbeneficiariesâ). The trustees can be a board of people or a corporate trustee, which. acts in the exclusive interest of the pension members and beneficiaries. 4.