Offshore Mutual Fund

(redirected from Off-Shore Mutual Fund)

Offshore Mutual Fund

A mutual fund based outside the United States. Offshore mutual funds must comply with regulations in the countries in which they are registered, but need not comply with American regulations. Offshore mutual funds cannot be sold in the United States unless they comply with these regulations, but they may invest in U.S. securities.
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FINRA found that Banorte Securities International recommended Class B shares of off-shore mutual funds to its customers in certain transactions where the customers would have financially benefited from purchasing Class A shares - particularly since the firm had negotiated lower front-end sales charges for off-shore mutual fund Class A shares with several mutual fund companies.
However, they also noted that in contrast with K Capital's incentive to focus on short-term portfolio performance of its off-shore mutual funds, the Gyrodyne Board of Directors has an obligation to maximize value for all of Gyrodyne's shareholders when reviewing this and other proposals.
Korean investors now have access to reports on approximately 1,000 domestic beneficiary certificates in addition to more than 110 off-shore mutual funds authorized for the Korean market.