SIF
SIF vs PMS: understanding the structures
A factual comparison of pooled units, individually held portfolios, eligibility, costs and risks.
A Specialized Investment Fund (SIF) is a regulated pooled investment structure offered under the applicable mutual fund framework. Portfolio Management Services (PMS) manage an eligible investor's portfolio under a separate regulatory framework.
The structures differ in ownership, minimum investment requirements, strategy implementation, reporting, fees, taxation and liquidity. Terms vary by offering.
Both may involve significant market and product-specific risks. Review eligibility, offering documents, fees and risk disclosures before considering either structure.
This article provides general educational information, not individual investment, tax or legal advice. Eligibility, risks and product terms apply. Product suitability depends on individual circumstances.