In order to determine whether the investment of funds received or held by the trust institution as fiduciary in a participation in a collective investment fund is proper, the trust institution may consider the collective investment fund as a whole and shall not, for example, be prohibited from making such investment because any particular asset is nonincome producing.
Collective investment fund may be considered as a whole in determining propriety of investment
S.C. Code Ann. § 34-21-280, under Title 34, Chapter 21.
S.C. Code Ann. § 34-21-280