Fund management activities

NACE v2.1 Code: L66.3

About fund management activities

NACE code 66.3 covers a critical component of the financial services industry - fund management activities. This sector encompasses the management and administration of various investment funds, including mutual funds, pension funds, and other collective investment vehicles. As a key driver of capital allocation and wealth creation, the fund management industry plays a vital role in the broader economy, channeling savings into productive investments and facilitating the efficient flow of capital.

Production process

The core activities within the fund management industry involve the selection, monitoring, and management of investment portfolios on behalf of clients. This typically includes conducting research, analyzing market trends, and making strategic decisions to allocate client assets across different asset classes, such as stocks, bonds, real estate, and alternative investments. Fund managers utilize a range of analytical tools and risk management techniques to construct and maintain diversified portfolios that align with the investment objectives and risk profiles of their clients.

Production inputs

The fund management industry relies on a range of inputs, including highly skilled professionals such as portfolio managers, financial analysts, and compliance officers. Access to comprehensive market data, research, and analytical tools is also crucial, as is the ability to leverage advanced technologies for portfolio optimization, risk management, and client reporting. Additionally, the industry requires a robust regulatory framework and supporting infrastructure, such as custodial services, trading platforms, and fund administration capabilities.

Production outputs

The primary output of the fund management industry is the provision of investment management services to individual and institutional clients. These services result in the creation and management of various investment funds, which in turn provide opportunities for 64.3 Fund management activities and other 66.1 Activities auxiliary to financial services and insurance activities to utilize as part of their own product offerings. The performance and growth of these investment funds can also have significant downstream impacts on the broader 64.1 Monetary intermediation and 64.2 Activities of holding companies sectors.

Revisions to 66.3

Classification codes are adjusted frequently. The code may have been revised or replaced between system versions. The table below shows the history (newest to oldest) of the code 66.3. The most recent 2 versions of this code (66.3) is in the NACE v2.1 system (this version):

This page shows the most recent version of code 66.3.

Family tree for fund management activities

    graph LR
    A["<a href='/classifications/nace/v2-1/L'>L: FINANCIAL AND INSURANCE ACTIVITIES</a>"]
A --> B["<a href='/classifications/nace/v2-1/L/66'>66: Activities auxiliary to financial services and insurance activities</a>"]
B --> C["<a href='/classifications/nace/v2-1/L/66/3'>66.3: Fund management activities</a>"]

    B --> D["<a href='/classifications/nace/v2-1/L/66/1'>66.1: Activities auxiliary to financial services, except insurance and pension funding</a>"]
B --> E["<a href='/classifications/nace/v2-1/L/66/2'>66.2: Activities auxiliary to insurance and pension funding</a>"]

    C --> F["<a href='/classifications/nace/v2-1/L/66/30'>66.30: Fund management activities</a>"]


    %% Color coordination by level

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    classDef level2 color:#000,fill:#e0a458,stroke:#333,stroke-width:1px
    classDef level3 color:#000,fill:#419d78,stroke:#333,stroke-width:1px
    classDef level4 color:#000,fill:#c04abc,stroke:#333,stroke-width:1px
    classDef level5 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef level6 color:#000,fill:#f1c40f,stroke:#333,stroke-width:1px
    classDef highlight color:#000,fill:#fff,stroke:#000,stroke-width:5px



  %% Apply classes
  class A level1
class B level2
class C level3
class D level3
class E level3
class F level4

  class C highlight

  %% class A level1
  %% class B,C level2
  %% class D,E,F,G,H,I level2
  %% class J,K,L,M,N,O,P level3
  %% class C highlight