fund group

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 group

References in periodicals archive ?
Lipper determined the smaller fund group awards by averaging the decile rank of the three-year consistent return scores for all of the firm's funds within the asset class; the group with the lowest average decile rank received the award for that asset class.
Thwaites has been elected President and Chief Executive Officer of the 71 year-old fund group.
Sentinel Financial Services Company (SFSC), distributor of Sentinel Funds, has entered into a settlement with the NASD that resolves issues regarding inadequacies in its e-mail retention capabilities, supervisory procedures as they relate to the excessive trading policy of the fund group and alleged short-term trading losses.
The general tax-exempt fund group, which first issued bonds under a general resolution adopted in 1973 and under which the 2004 series D and E bonds are being sold, issues tax-exempt bonds that fund the purchase of bonds issued by local government units.
6 million as of the same date, that is pledged to the payment of principal and interest on the outstanding general tax-exempt fund group bonds if a deficiency occurs.
CHICAGO, April 1, 2015 /PRNewswire/ -- Harris Associates is pleased to announce that the Oakmark Funds have been named Lipper's Best Equity Large Fund Group for the second consecutive year.
MassMutual was a repeat winner from 2013 for Best Mixed Assets Small Fund Group and added a second 2014 Big 8 award for Best Overall Small Fund Group.
Summary: Investcorp's New York-based Hedge Fund group on Monday announced that industry veteran Lionel Erdely will join the firm as head of Hedge Funds and chief investment officer (CIO).
India-based ICICI Prudential was honoured with the Best Fund Group Overall and the Best Bond Fund Group in the Gulf region in recognition of its strong risk-adjusted performance and returns.
Summary: HDFC won the Best Fund Group Overall award.
VX) has received top honours at the Lipper Fund Awards 2009 Hong Kong, where it was named Best Fund Group Overall, Reuters has reported.
balance sheet and statement of income and expenditure and changes in fund balance) with separate columns for each major fund group.

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