1.   Life insurance funds invest more in fixed interest securities because a large part of their liabilities is in nominal terms.

2.   One fund invests in the sports and fitness industry, another focuses on medical research.

3.   The first will aim to remove restrictions on where the funds can invest, and who can manage them.

4.   The fund invests in money Market deposits with a range of banks and financial institutions.

5.   Initially only pension funds could invest in them, because pension funds had index-linked pensions to deliver to their pensioners.

6.   Shares are sold and the funds invested in American shares.

7.   Also, some conventional index funds invest only in a representative sample of index companies.

8.   Americans ought to care about this possibility, he said, because of pensions funds invested in stocks and mutual funds.

9.   And funds invested in Germany and the other big markets have grabbed the lead.

10.   And so, it seems, are the regulators that use them to limit what many funds can invest in.