single-country fund

(redirected from Country Fund)

Single-country fund

A mutual fund that invests in individual countries outside the United States.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Single-Country Fund

A mutual fund that invests predominantly or exclusively in the securities of a single country. While a single-country fund may be diversified in other ways (for instance, it may hold both stocks and bonds), it is usually exposed to political risk. Some analysts argue that in an age of globalization, there is little difference in single-country and multi-country funds, but others dispute that. See also: Country diversification, WEBS.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

single-country fund

A mutual fund that invests in securities of one country. A single-country fund, for example, might invest only in securities issued in Australia.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
USDA's partnerships with more than 500 telecommunications providers across the country fund broadband infrastructure investments that are uniquely designed to meet the specific needs of each rural community.
Germany will donate 30 million euros to Burundi to enable the African country fund its hydro-electric infrastructure, PANA reported from here, quoting the Burundi Finance Minister, Abdallah Tabou Manirakiza.
Why should the hard-working people of this country fund the continuing over-population of the planet?
The grants are part of the $40 million HUD made available last April to help public housing authorities across the country fund rental vouchers for non-elderly individuals with disabilities under the following categories:
investor sentiment fails to account for cross-sectional differences in EM country fund premiums.
Not surprisingly, as a result of the small number of observations for most country fund categories, only two--the Canada and Russia funds--were found to be statistically different at the 95 percent confidence level.
Strictly speaking, this is not a single country fund as the managers also hold several Tunisian stocks within the portfolio.
If the discounts (premiums) are mean reverting, a strategy of switching from foreign equities into a closed-end country fund when the discount is relatively high and selling the fund and buying foreign equities when the discount is low has the possibility of producing extra returns.
"Our strategy is to launch a country fund for each of the Middle East countries and allow our clients to access these markets as part of our product range," says Shahid Hameed, head of asset management, GCC, who launched the two funds.
SICO's other investment funds, SICO Selected Securities Fund (a Bahrain dedicated country Fund) and SICO Arab Financial Fund (a MENA based Financial sector Fund), have been awarded "A" ratings by Standard & Poor's Fund Services.