family of funds

family of funds definition - finance
A group of mutual funds that are managed by the same company. An investment company manages financial instruments that have different investment objectives, such as large-cap growth, small-cap, or fixed income. It is very easy to transfer money between funds within the same family.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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