External Fund

External Fund

1. A mutual fund that invests predominantly or exclusively in securities issued in foreign countries. An external fund does not necessarily concentrate on any single country, but it does not invest in securities from the country in which it operates. An external fund should not be confused with a global fund, which invests in both domestic and foreign securities. An external fund is also called an international fund.

2. Funding that a company raises from any source other than itself. Two common types of external funds are bond and stock issues. A company seeks external funds when it wishes to expand its operations or other activities, but lacks the cash flow to do it independently. Providers of external funds almost always expect to receive something in return; for example, bondholders expect interest and principle repayment, while stockholders expect to receive a portion of the ownership of the company.
References in periodicals archive ?
Willow Oak is a flexible platform of private investment partnerships that are independently run by unique internal and external fund managers.
This was also to suitably leverage on the knowledge and skill sets of external fund managers that complemented the pension fund's own internal fund management capabilities, he said.
"The creation of our new indexed-funds and active departments will streamline how we manage our relationships in the equities space with external fund managers," an ADIA spokesman told Reuters.
Bocanegra, who chairs GSIS' investment bids and awards committee, said these eight external fund managers would 'proceed to the next stage of the selection process.'
Bocanegra, who chairs the GSIS's investment bids and awards committee, said that these eight external fund managers will 'proceed to the next stage of the selection process.'
The state-run pension fund Government Service Insurance System again extended by another month the deadline for submission of proposals from prospective external fund managers for its planned $800-million offshore investment.
This is a general term used to describe the activities of investing departments responsible for appointing and monitoring external fund managers investing in different regions.
He will also manage a portfolio of external fund management contracts.
Based on its multiasset strategy released last week, the GSIS said that tapping external fund managers would allow the pension fund to 'take advantage of diversification and opportunities for higher returns.'
The deal is valued at GBP235m and the sale is to comprise of Insight's external fund management operations.
Abbey said it will no longer directly manage funds itself but will use external fund managers instead.