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M.F.M.C.
Collective Investment Schemes were established in Greece in 1972. National Bank of Greece and Commercial Bank of Greece created the first 2 Mutual Funds. The elaboration of the necessary legislative framework had been completed earlier by virtue of legislative decree 608/1970.
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I.S.F.
Investment Services Firms were established in Greece in 1997, following the adoption of the relevant Law 2396/96`which implemented EU Directive ISD 93/22.
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P.I.C.
Portfolio Investment Companies are closed-ended fixed capital funds, listed on the Stock Exchange. They were first established in 1972. Their legal framework is defined in law 3371/2005.
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R.E.I.C.
Real Estate closed-ended funds in Greece take the legal form of a Real Estate Investment Company R.E.I.C. The REIC is a special type of a Societe Anonyme (SA) company (a Greek stock corporation). Its exclusive purpose is to manage an asset portfolio consisting of real estate (mainly), securities and cash.
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