| 单词 | fund of funds |
| 释义 | > as lemmasfund of funds P5. Finance (originally U.S.). fund of funds: an investment fund which invests only in other investment funds, designed to reduce risk by diversifying the investment over a wider range of assets. Also attributive or as adj.In earliest use as the name of the first of this type of fund. ΚΠ 1964 Times 22 Apr. 19/2 I.O.S.'s [i.e. Investors Overseas Services's] greatest success is a mutual fund, the Fund of Funds, which invests only in other funds. 1967 Mutual Fund Legislation 1967: Hearings before U.S. Senate Comm. on Banking & Currency (90th Congr., 1st Sess.) II. i. 89 How would the Commission feel about a fund of funds on a no-load basis? 1986 R. C. Dorf New Mutual Fund Investm. Advisor vi. 110 One drawback to the fund-of-funds approach is the possibility of layered fees. Investors can be saddled with both the fund-of-funds fees and the management charges of the individual funds that make up the portfolio. 2012 N.Y. Mag. 14 May 18/1 Scaramucci aims to make SkyBridge—a ‘fund of funds’ that creates portfolios of hedge-fund investments—the first company of its kind to target ‘the mass affluent’. < as lemmas |
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