A personalized basket of investments that is traded as one issue, giving investors the ease of investing in a mutual fund without the tax penalties associated with them. Folios can be selected from A list of pre-packaged portfolios and customized to suit the investor or designed from scratch. In either case, brokerage firms offering folios will charge a fee to set up the account in which the folio will be held.
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Institute of Chartered Accountants of New Zealand
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