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Fund of funds |
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Fund of funds
Fund of funds (FOF). A fund of funds is a pooled investment, such as a mutual fund or a hedge fund, whose underlying investments are other funds rather than individual securities. Despite some major differences, what all funds of funds have in common is an emphasis on diversification for its potential to reduce risk without significantly reducing return. They're also designed to simplify the investment process by offering one-stop shopping. Many mutual fund FOFs are asset allocation funds and typically include both stock and bond funds in a particular combination that the FOF manager has chosen to meet a specific objective. A mutual fund FOF may select all its funds from a single fund family or it may choose funds offered by different investment companies. A hedge fund FOF, which owns stakes in other hedge funds, allows investors to commit substantially less money to gain exposure to this investment category than it would cost to invest in even one fund. A major drawback with all funds of funds is that the fees tend to be higher than you would pay owning the underlying funds directly. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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BorgBrenner has extensive experience in funds of funds, alternative investments, hedge fund portfolio management, due diligence, asset-backed securities, structured credit, trade finance, fixed income portfolio pricing methodologies, mortgages, and fixed income derivatives. Hedge funds of funds "seek above-average returns while mitigating risks on the other end," says Stephen T. Three different ads have been created: The first introduces financial advisors to the RiverSource Investments platform, offering both RiverSource(SM) Single-Strategy funds and RiverSource Advice-Built Solutions, innovative and easy-to-use mutual funds and funds of funds with built-in asset and risk management. |
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