Mirror Fund

Mirror Fund

A mutual fund in which a shareholder may invest through his/her life insurance policy with another company. For example, one may use his life insurance policy at Company A to invest in a mirror fund with Company B. Mirror funds provide flexibility, but usually have higher fees than other mutual funds.
References in periodicals archive ?
Indeed, is it a mirror fund, meaning that the investor may be paying fees essentially for an inactive, intermediary management?
Insurance company Axa (NYSE: AXA) and Barclays Wealth, a unit of Barclays Plc (LSE: BARC), have launched a mirror fund.
Already, our sales team on the ground across Europe, Asia and in Dubai has confirmed strong demand for the flagship Global Boutiques Fund and it was therefore logical to include a mirror fund in our offshore range.
Remember the pounds 20bn raid on pension funds which made Robert Maxwell's raid on the Daily Mirror fund look like petty cash?
BL Mirror Fund invests $1m in an equity stake in TKM Maestro, a telecom infrastructure solutions provider based in Kenya.
He said: "People on the ground are very supportive of the Mirror fund.
If it is into a fund, ask whether it is a mirror fund.
THE Daily Mirror fund to help five-year-old Stephanie Lush, who lost her legs to meningitis, was poised to top pounds 100,000 last night.
Also, it is important to ensure that you are investing in the actual fund not a mirror fund as the charges on mirror funds tend to be higher and this can have a detrimental affect on the performance.
All profits went to the Mirror fund set up for Steph.