# Open funds for US GV investors **URL:** \ **Category:** Portugal Golden Visa\ **Created:** [June 14, 2021, 10:13pm UTC](https://community.nomadgate.com/t/open-funds-for-us-gv-investors/39276 "2021-06-14T22:13:41Z")\ **Posts on this page:** 1\ **Showing post:** 94
**Author:** ![tkrunning](https://community.nomadgate.com/user_avatar/community.nomadgate.com/tkrunning/32/9053_2.png) [@tkrunning](https://community.nomadgate.com/u/tkrunning)\ **Post date:** [September 16, 2024, 2:10pm UTC](https://community.nomadgate.com/t/open-funds-for-us-gv-investors/39276/94 "2024-09-16T14:10:57Z")
If the definition of an [open fund](https://nomadgate.com/portugal/open-ended-funds/?source=forum) is one invested in listed equities and that can be redeemed at any point, then I’d add for example [Portugal Liquid Opportunities](https://nomadgate.com/portugal/funds/portugal-liquid-opportunities/?source=forum) to that list as well. Another question crossed my mind recently: What would happen if any of these funds (in particularly those tracking PSI-20) would invest in a company related to real estate? Would you technically be in breach of your GV terms? While it looks like none of the companies that currently make up the PSI-20 index are directly related to real estate (at least if we assume construction companies are excluded from the definition), what if one that is related to RE would enter the PSI-20 index due to overtaking some of the current constituents’ market cap? Also, as far as I am aware, AIMA primarily considers the management regulations supplied by the fund manager when determining if the fund is eligible. I assume some of these [open funds](https://nomadgate.com/portugal/open-ended-funds/?source=forum) (especially those that are not specifically tailored to GV-investors) fail to officially exclude real estate companies in their management regulations. However, I also don’t know whether that is necessary or not. Curious to hear if anyone has received legal opinions on this since the law changed? I know [Oxy](https://nomadgate.com/go/portugal-liquid-opportunities?source=forum) Capital filters out any RE companies for the Portuguese part of their Portugal [Liquid Opportunities fund](https://nomadgate.com/go/portugal-liquid-opportunities?source=forum). I assume [Optimize](https://nomadgate.com/go/optimize-fund?source=forum) does the same. Have anyone received comments from [IMGA](https://nomadgate.com/go/imga-portugal-fund?source=forum) and BPI regarding how they would handle this? --- _[View the full topic](https://community.nomadgate.com/t/open-funds-for-us-gv-investors/39276)._