Asset-Backed Fund


Also found in: Dictionary, Wikipedia.
Related to Asset-Backed Fund: Asset Backed Commercial Paper

Asset-Backed Fund

A mutual fund that invests in real estate, equipment, stocks and other tangible assets. The advantage to an asset-backed fund is the fact that the assets behind it have liquidation value (that is, if a company fails, one can sell the company's equipment or real estate to cover a portion of the investment). Funds that invest in bonds and other debt securities do not necessarily have this advantage.
References in periodicals archive ?
"Masood will primarily be responsible for our asset-based financing business, including asset-backed funds, especially in areas where we are leveraging our investments.
Ithmaar Bank appoints new directors
Swarm Fund is a fully decentralized capital marketplace that democratizes investing by using the power of the blockchain to open up high-return, alternative investment classes to smaller investors through asset-backed funds using cryptocurrency tokens.
Swarm Fund token sale results
Financial browser ?
Full browser ?