Fund family

(redirected from Fund Groups)

Fund family

Set of funds with different investment objectives offered by one management company. In many cases, investors may move their assets from one fund to another within the family at little or no cost.

Fund Family

A set of mutual funds managed by a single company. The funds within a fund family have different investment goals and/or strategies. However, because the same company manages the whole family, individual investors may generally move money from one fund to another without extra commissions or fees. This allows investors to be flexible in their own investment goals according to their particular needs at a given time. A fund family is also called a group of funds.

Fund family.

A fund family, or family of funds, is a group of mutual funds controlled by a single investment company, bank, or other financial institution.

The various funds within the family have different investment objectives, such as growth or income. If you invest in several funds in a family, you can transfer assets from one fund to another by phone or online.

If it's a family of load funds, there may or may not be a sales charge for the transfer. If it's a no-load fund, no sales charges apply.

You will owe capital gains taxes on any profit you realize from selling fund shares that have increased in value even if the money is reinvested in another fund. The only way you'll avoid taxes is if you own the funds in a tax-deferred or tax-free account.

However, if the shares have lost value when you sell, you'll have a capital loss.

References in periodicals archive ?
Oakmark was ranked first out of 46 eligible fund groups due to the performance of all seven of its underlying Funds.
To qualify for the Lipper Mixed Assets Small Fund Group award, fund groups must have at least three mixed-asset funds.
Dunny Moonesawmy, Lipper's Head of Research for Western Europe, Middle East and Africa at Thomson Reuters said, "We are thrilled to honour the best fund groups in the Gulf.
Dunny Moonesawmy, Lipper's head of research for Western Europe, Middle East and Africa at Thomson Reuters said: "We are thrilled to honor the best fund groups in the Gulf.
Funds and fund groups that have delivered consistently superior investment performance were recognised for their achievements.
The number and types of fund groups reported by the organizations varied.
The worst performers were Smith Barney in the domestic stock fund category, Dean Witter Reynolds in the international equity and taxable bond fund groups and Eaton Vance in the municipal bond fund group.
Lipper, a leading global provider of mutual fund research and analysis, uses the Lipper Fund Awards program to acknowledge funds and fund groups that have delivered consistently strong investment performance relative to their peers during three-, five- and 10-year time periods.
About the Lipper Fund Awards To qualify for the Lipper Mixed Assets Small Fund Group award, fund groups must have at least three mixed-asset funds.
TABLE 1 NUMBER OF FUND GROUPINGS No Two Three Five Six Seven groupings Groups Groups Groups Groups Groups Number of one one one two one one Organizations TABLE 2: FUND GROUPS FUND GROUP NUMBER OF TIMES LISTED Operating Fund: Regular Budget three General Fund four UNDP three Other Operating Funds three Voluntary Funds two Technical Co-operations two Employee Benefit Fund two Special Trust Accounts two Extrabudgetary Fund one Equity in Capital Assets one
Separate awards were given to large and small fund groups in four categories: overall performance, equity performance, fixed income performance and mixed asset performance.
The combined mutual fund groups have assets under management of Approximately $4.

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