What defines a Multi-Class UITF?

A Multi-Class UITF is defined by its structure that allows investors to participate in a pool that includes various asset classes, and it issues separate units of participation for each distinct asset class. This means that within the umbrella of the UITF, there can be different classes of units that correspond to different types of investments, such as stocks, bonds, or other financial instruments. This diversification within the fund can offer investors a tailored investment approach, allowing them to select classes that align with their individual risk appetite and investment objectives.

In contrast, the other options represent characteristics that do not fully encapsulate the definition of a Multi-Class UITF. A single asset class with multiple investors indicates a fund focused on one type of investment, which lacks the diversification that multi-class structures provide. Mentioning investments across multiple countries focuses on geographical diversity rather than the classification of assets, and a focus solely on equity investments limits the scope to just one category, failing to represent the multi-class nature of such UITFs.