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Mirror Fund
(redirected from Mirror Funds)

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Mirror Fund
A mutual fund in which a shareholder may invest through his/her life insurance policy with another company. For example, one may use his life insurance policy at Company A to invest in a mirror fund with Company B. Mirror funds provide flexibility, but usually have higher fees than other mutual funds.
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Also, it is important to ensure that you are investing in the actual fund not a mirror fund as the charges on mirror funds tend to be higher and this can have a detrimental affect on the performance.
Investors must read the fine print by Gulf News (United Arab Emirates)
It is very important to find out if the scheme offers direct access to the investment funds or if they offer Mirror Funds, which will cost you an additional - often unseen - layer of charges.
The road to retirement can be a smooth one by Gulf News (United Arab Emirates)
 
 
 
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