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.

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 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.

References in periodicals archive ?
Filing Form N-PORT through the EDGAR system will begin in April 2019 for larger fund groups and in April 2020 for smaller fund groups.
The agency announced that for the first nine months after the Form N-PORT compliance date of June 1, 2018, larger fund groups will maintain the Form N-PORT information in their records and make it available to the Commission upon request in lieu of filing the form on EDGAR.
Fund groups such as Miton, Legg Mason and Goldman Sachs Asset Management are developing products to provide routes into it for investors.
Jupiter is one of the UK's leading fund groups and an active fund manager with an outstanding track record.
Cerulli: Sweden is top pick among Nordic fund groups
Eight of the nine major equity fund groups tracked by EPFR Global posted outflows during the week ending Oct.
"Two of the five major developed market fund groups recorded strong inflows during the second week of May.
Dunny Moonesawmy, Lipper's head of research for Western Europe, Middle East and Africa at Thomson Reuters said: "We are thrilled to honor the best fund groups in the Gulf.
AMG invests in hedge fund groups and other asset managers, and Artemis Investment Management Ltd was formerly a unit of BNP Paribas SA's (BNP.FR) Fortis Bank.
Risk aversion in the wake of Dubai's massive debt woes caused investors to slow their move into emerging market equity and riskier bond fund groups in the week ended December 1, EPFR Global said.
Funds and fund groups that have delivered consistently superior investment performance were recognised for their achievements.
"Morningstar in the United States has successfully convinced fund groups of the importance of revealing this information.

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