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Fund of funds |
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Fund of fundsA unit trust which invests in other unit trusts, providing the investor with double diversification. Often a fund of funds will invest in trusts run by the same group, but some of them will invest in funds run by other groups too.Fund of fundsA mutual fund or hedge fund that invests in other funds.Fund of funds Similar MatchesElectronic funds transfer (at point of sale)Electronic funds transfer (at point of sale)An electronic payment system in which a plastic card is used to purchase goods or services. Subsequently the seller obtains payment by the electronic transfer of funds from the purchaser's card account. Family of fundsFamily of fundsDifferent mutual funds offered by one investment company. Offshore fundsOffshore fundsFunds based outside the tax system of the country where the intended investor is residing. A fund which is legally based in the Channel Islands, the Bahamas or Cayman Islands, for instance, is an offshore fund. Funds From Operations (FFO)Funds From Operations (FFO)Used by real estate and other investment trusts to define the cash flow from trust operations; earnings with depreciation and amortization added back. A similar term increasingly used is funds available for distribution (FAD), which is FFO less capital investments in trust property and the amortization of mortgages. Federal funds rateFederal funds rateThe interest rate that banks with excess reserves at a Federal Reserve district bank charge other banks that need overnight loans. The Fed funds rate, as it is called, often points to the direction of US interest rates. The most sensitive indicator of the direction of interest rates, since it is set daily by the market, unlike the prime rate and the discount rate. Further SuggestionsBlocked fundsSurplus funds Flow of funds Association of Unit Trusts and Investment Funds Source of funds seller Cost of funds Uncollected funds Not sufficient funds check Clearing house funds External funds Lendable funds Electronic Funds Transfer Systems Available funds Automatic funds transfer Term Fed funds Federal funds rate Same Day Funds Settlement (SDFS) Exchange Traded Funds Forward Fed funds hedge funds Sources and applications of funds statement |
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