I'm trying to understand the meaning of CIC in the context of investment. Could someone explain what CIC stands for and how it relates to investing?
5 answers
Lucia
Thu Nov 21 2024
Their primary assets consist of investments in shares.
CryptoAlchemyMaster
Thu Nov 21 2024
These investments are made primarily for the purpose of holding stakes in group companies.
EnchantedSky
Thu Nov 21 2024
The key distinction is that CICs do not engage in trading these shares for profit.
Tommaso
Thu Nov 21 2024
Additionally, CICs refrain from engaging in any other financial activities.
DreamlitGlory
Thu Nov 21 2024
Core Investment Companies, or CICs, are a specific type of corporate entity.