6240: Financial Asset Investing

Classification 6240
Financial Asset Investing
This class consists of units mainly engaged in investing money on their own account in predominantly financial assets such as shares, bonds, bills and financial derivatives (including mortgages), excluding units of separately constituted superannuation funds. Also included are investment type unit trusts mainly engaged in holding financial assets, as well as financial holding companies holding shares in subsidiary companies.

Primary Activities
Charitable/educational trust or foundation operation (investment type; in predominantly financial assets, except trust management services on a commission or fee basis)
Friendly society operation (investment type; in predominantly financial assets)
Holding company operation (viz. holding shares in subsidiary companies)
Investment operation (own account; in predominantly financial assets; except superannuation funds)
Mutual fund operation (except fund management on a commission or fee basis)
Unit trust operation (investment type; in predominantly financial assets; except trust management on a commission or fee basis)