Fund family

(redirected from Fund Groups)

Fund family

Set of funds with different investment objectives offered by one management company. In many cases, investors may move their assets from one fund to another within the family at little or no cost.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Fund family.

A fund family, or family of funds, is a group of mutual funds controlled by a single investment company, bank, or other financial institution.

The various funds within the family have different investment objectives, such as growth or income. If you invest in several funds in a family, you can transfer assets from one fund to another by phone or online.

If it's a family of load funds, there may or may not be a sales charge for the transfer. If it's a no-load fund, no sales charges apply.

You will owe capital gains taxes on any profit you realize from selling fund shares that have increased in value even if the money is reinvested in another fund. The only way you'll avoid taxes is if you own the funds in a tax-deferred or tax-free account.

However, if the shares have lost value when you sell, you'll have a capital loss.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
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"Morningstar in the United States has successfully convinced fund groups of the importance of revealing this information.

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