Offshore Mutual Fund

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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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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.
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.
8, 2012 (CENS) -- Offshore mutual funds in the U.S.
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.
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.
For example, the 2008 instructions require the disclosure of "accounts in which the assets are held in a commingled fund, and the account owner holds an equity interest in the fund (including mutual funds)." As such, investments in offshore mutual funds, hedge funds, and private equity funds that involve the commingling of assets may need to be disclosed on the FBAR.
6, 2010 (CENS)--The share of Taiwanese investors in offshore mutual funds sold in Taiwan will be capped at 70% of the total value of the funds, down from 90% now, and the share owned by domestic investors in offshore private-placement funds will be subject, for the first time, to a 90% ceiling, according to the Financial Supervisory Commission (FSC).
A person who purchased offshore mutual funds at NT$10 per unit in 2001 and sells the holding in 2010 at NT$100, for instance, he can calculate his profits using the book value of the funds on Dec.

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