Offshore Mutual Fund

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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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She was chair of the boards of three families of funds and President of the Americas Mutual Funds Group at Scudder Investments, responsible for the four North American based retail businesses including three families of open and closed end mutual funds, the Americas offshore mutual funds group and the firm's defined contribution business.
4 trillion in offshore mutual funds, including over NT$1.
taxpayers who invest in offshore mutual funds or certain other passive foreign investments without understanding the tax consequences may learn only years later that those investments are subject to the onerous tax rules for investments in passive foreign investment companies (PFICs).
Swiss bank Amas is planning to launch India-specific private equity and offshore mutual funds in January, Reuters has reported citing a senior official of the bank.
The growing exchange, opened in 1997, has become a leading market for offshore mutual funds and Eurobonds, which are bonds traded outside the regulations of a single country.
A recent poll of independent financial advisors (IFAs) conducted by Bank von Ernst showed that the current proposals to replace PEPs and Tessas with the Individual Savings Account (ISA) are likely to give rise to an increase in offshore investments, in particular offshore mutual funds.
Industry veteran joins DTCC's Wealth Management Services team, strengthening the company's ability to bring certainty and reliability to the offshore mutual funds marketplace.
1, 2011 (CENS)--The Financial Supervisory Commission (FSC) has requested managers of offshore mutual funds to dampen speculative activities by collecting short-term trading fee.
BISYS is the industry's leading third-party administrator of domestic and offshore mutual funds, strategically operating as a non-competitive business partner with each client.
Martin Currie's pooled funds include an Oeic, Sicav, offshore mutual funds and a range of absolute return funds.
6, 2010 (CENS)--The share of Taiwanese investors in offshore mutual funds sold in Taiwan will be capped at 70% of the total value of the funds, down from 90% now, and the share owned by domestic investors in offshore private-placement funds will be subject, for the first time, to a 90% ceiling, according to the Financial Supervisory Commission (FSC).
A person who purchased offshore mutual funds at NT$10 per unit in 2001 and sells the holding in 2010 at NT$100, for instance, he can calculate his profits using the book value of the funds on Dec.

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