External Fund

External Fund

1. A mutual fund that invests predominantly or exclusively in securities issued in foreign countries. An external fund does not necessarily concentrate on any single country, but it does not invest in securities from the country in which it operates. An external fund should not be confused with a global fund, which invests in both domestic and foreign securities. An external fund is also called an international fund.

2. Funding that a company raises from any source other than itself. Two common types of external funds are bond and stock issues. A company seeks external funds when it wishes to expand its operations or other activities, but lacks the cash flow to do it independently. Providers of external funds almost always expect to receive something in return; for example, bondholders expect interest and principle repayment, while stockholders expect to receive a portion of the ownership of the company.
References in periodicals archive ?
Tenders are invited for Provision of External Fund Manager Shaping Inclusive Finance Transformations and CleanStart South East Asia.
The creation of our new indexed-funds and active departments will streamline how we manage our relationships in the equities space with external fund managers," an ADIA spokesman told Reuters.
This is a general term used to describe the activities of investing departments responsible for appointing and monitoring external fund managers investing in different regions.
Canadian Pacific Railway (TSX/NYSE: CP) today announced it has awarded management of the Canadian equity and bond portfolios in its defined benefit pension fund to seven external fund managers.
None of this would have occurred, regardless of it being evidence-based or not, without receipt of external funds.
Earlier, ADIA had four departments, all external funds equities on a geographical basis -- Europe, North America, Far East and emerging markets.
But culture bosses are negotiating with Waygood over tens of thousands of pounds of external funds which were released to the capital project but which it is holding.
The independent MP Wa'el Abdul Latif accused the dominating blocs and parties of making use of the "public as well as the external funds to cover the expenses of the electoral propaganda.
The higher level of construction expenditures is expected to increase PLDT's need for external funds.
revisions to objectives, legislated annual reporting and audit requirements, annual statements to beneficiaries and information statements to new beneficiaries; clarification that there is no presumption that funds for a person under a legal disability are to be administered by Funds in Court rather than another funds administrator; enabling the Court to have some, or all, of the funds it holds managed by or vested in one or more external funds managers or custodians; setting out procedures for beneficiaries to apply to the Court to transfer their funds to an external funds administrator; and providing for a complaints handling procedure for services provided by Funds in Court, along with a requirement to report annually on complaints.
The external equities department will be headed by Obeid Al Suwaidi, who was previously director of external funds for the Far East.