Offshore Mutual Fund

Offshore Mutual Fund

A mutual fund based outside the United States. Offshore mutual funds must comply with regulations in the countries in which they are registered, but need not comply with American regulations. Offshore mutual funds cannot be sold in the United States unless they comply with these regulations, but they may invest in U.S. securities.
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BANKING AND CREDIT NEWS-February 16, 2018-INTL FCStone Financial enhances offshore mutual fund
M2 EQUITYBITES-February 16, 2018-INTL FCStone Financial enhances offshore mutual fund
For example, should a certain offshore mutual fund invest in Apple stocks, it will be subject to 30% tax for stock dividend issued by Apple.
Private banking accounts can typically be opened in the name of an individual, a commercial business, a law firm, an investment adviser, a trust, a personal investment company, or an offshore mutual fund. A private banking operation usually offers its customers an all-inclusive money management relationship that could include investment portfolio management, financial planning advice, custodial services, funds transfer, lending services, overdraft privileges, hold mail, letter-of-credit financing, and bill paying services.
Offshore mutual funds (MFs) -- funds not domiciled in India but investing in Indian markets -- form an important component of total foreign institutional investment; apart from other large FIIs, including offshore insurance companies, hedge funds, and sovereign wealth funds.
taxpayers who invest in offshore mutual funds or certain other passive foreign investments without understanding the tax consequences may learn only years later that those investments are subject to the onerous tax rules for investments in passive foreign investment companies (PFICs).
Swiss bank Amas is planning to launch India-specific private equity and offshore mutual funds in January, Reuters has reported citing a senior official of the bank.
The growing exchange, opened in 1997, has become a leading market for offshore mutual funds and Eurobonds, which are bonds traded outside the regulations of a single country.
Financial services is active in private client trust and administration, offshore fund administration, a proprietary family of offshore mutual funds, and asset accumulation life insurance products specifically for high net worth individuals.
However, the tax treatment of offshore mutual funds means that an increasing number of IFAs and their clients will consider them as a viable tax planning investment in the future," Mr Bolland said.
She was chair of the boards of three families of funds and president of the Americas Mutual Funds Group at Scudder Investments, responsible for the four North American based retail businesses including three families of open and closed end mutual funds, the Americas offshore mutual funds group and the firm's defined contribution business.
1, 2011 (CENS)--The Financial Supervisory Commission (FSC) has requested managers of offshore mutual funds to dampen speculative activities by collecting short-term trading fee.

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