Mutual-Fund Advisory Program

(redirected from Mutual Fund Wraps)

Mutual-Fund Advisory Program

An investment vehicle in which an investor works with an investment adviser to take a long position in several mutual funds. The program utilizes an asset allocation method that matches the investor's goals. The investor does not pay fees for each mutual fund, but rather pays the average fee to the investment adviser. A mutual fund advisory program allows the investor greater autonomy over his/her portfolio. It is also called a mutual fund wrap. See also: Fund of funds.
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References in periodicals archive ?
The two firms are to develop mutual fund wraps, which are accounts managed by a financial institution based on customers' investment goals.
Super mutual fund wraps: Contingent deferred annuities back on track.
Variable annuities 65% Separately managed accounts 63% Life insurance 45% Mutual fund wraps 37% Commissionable mutual funds 19% Unified managed accounts 19% Note: Table made from bar graph.
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