Kitchen updates such as tile flooring, refacing old cabinets and updating appliances to energy-efficient models will see a substantial return--approximately 84.5 percent in the San Francisco area, for instance, according to Remodeling magazine's Cost vs. Value Report for 2009â2010.
What is a 'Collective Investment Fund'. A collective investment fund (CIF), also known as a collective investment trust, is operated by a bank or trust company and handles a group of pooled trust accounts. Collective investment funds groups assets from individuals and organizations to develop a larger, diversified portfolio.
Conclusion. The difference between mutual funds and collective trusts may seem minimal on the surface, but the details could result in hundreds of thousands of dollars difference in your 401(k) value after 30 years. They can be especially confusing due to the similarly named mutual funds with similar strategies.