10. Where can investment fund assets be invested?

Assets of a fund may be invested in debt securities, securities issued by international financial institutions, mortgage-backed securities, securities issued by domestic and foreign legal entities which are traded in the Republic of Serbia, certificates of deposits, cash deposits, financial derivatives, shares of closed-end funds, shares of investment funds, shares of joint stock companies, shares in limited liability companies registered in the Republic of Serbia and in real estate. Investing abroad is allowed in accordance with the stipulations of the Law and bylaws.