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Collective Fund |
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Collective Fund 1. A fund that has a set number of shares, which are then traded. Due to the finite number of shares, the fund's value rises and falls according to supply and demand. See also: open-ended fund. 2. A fund that has special permission from the IRS to include tax-exempt or tax-deferred investments such as IRAs or pensions in its portfolio in order to diversify. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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