Dar es Salaam, June 3 -- A COLLECTIVE Investment Scheme (CIS) is a financial arrangement where funds from multiple investors are pooled together to invest in diversified assets such as equities, bonds, money market instruments and real estate. Managed by professional fund managers, CISs enable both retail and institutional investors to access a diversified portfolio that would otherwise be challenging or costly to assemble individually.

This structure not only spreads investment risk but also reduces transaction costs due to economies of scale. Essentially, a CIS offers individuals an avenue to participate in capital markets with professional management, lower risk exposure and flexibility.

A Brief History of CIS Globally and in Tanzani...