a single investment fund company with at least two sub-funds, providing the opportunity for unit-holders/shareholders to switch all or part of their investment from one sub-fund to another.
[...] - Up to 5% in value of the scheme property of a Fund may be invested in units in a collective investment scheme which is a securities company or warrant company or an umbrella company (or an authorised unit trust scheme which is a securities fund or warrant fund or an umbrella fund each of the separate parts of which is invested as if it was a securities fund or a warrant fund) or if certain conditions are met. [...]