Related Searches
on Ask.com
Umbrella fund
1 reference results for: Umbrella fund
Wikipedia
An umbrella fund is an investment term used to describe a collective investment scheme which is a single legal entity but has several distinct sub-funds which in effect are traded as individual investment funds.
This type of arrangement originated in the European investment management industry, most notably with the SICAV (an open ended collective investment). The SICAV model was copied for the UK OEIC and offshore fund models.
Advantages
The umbrella fund structure makes it cheaper for investors to move from one sub-fund to another and save the investment manager costs relating to regulatory duplication.See also
- Collective investment schemes
- Investment management
- SICAV
- OEIC
- Mutual fundsOther umbrella terms
- Umbrella brand
- Umbrella term
- Umbrella organization
- Umbrella school
References
Wikipedia, the free encyclopedia © 2001-2006 Wikipedia contributors (Disclaimer)
This article is licensed under the GNU Free Documentation License.
Last updated on Tuesday October 23, 2007 at 07:36:49 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
This article is licensed under the GNU Free Documentation License.
Last updated on Tuesday October 23, 2007 at 07:36:49 PDT (GMT -0700)
View this article at Wikipedia.org - Edit this article at Wikipedia.org - Donate to the Wikimedia Foundation
Share This:
Copyright © 2008, Dictionary.com, LLC. All rights reserved.