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.
October 23, 2009 by Gavin Bateman. A unit trust is a trust in which the trust property is divided into a number of defined shares called units. The beneficiaries subscribe for the units in much the same way as shareholders in a company subscribe for shares.