Offshore fund

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Offshore fund

A mutual fund whose headquarters is based outside the United States.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

Offshore fund.

An offshore fund is a mutual fund that's sponsored by a financial institution that's based outside the United States. Unless the fund meets all the regulatory requirements imposed on domestically sponsored funds, it can't be sold in the United States.

However, an offshore fund may be sponsored by an overseas branch of a US institution, may invest in US businesses, and may be denominated, or offered for sale, in US dollars. In total, there are approximately four times as many offshore funds as there are US-based funds.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

offshore fund

money and FINANCIAL SECURITIES held by a FINANCIAL INSTITUTION which has its registered office in an overseas country (usually a TAX HAVEN such as Bermuda, the Cayman Islands or Jersey).
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The program will feature offshore funds from different fund families and offer a flexible approach that will complement fee-only, fee-based and commission-based brokerage environments.
No tax liability would arise on the asset management companies that manage offshore funds from India.
There would also be no restriction on them to manage non-investing FPIs Sebi-registered offshore funds as well as registered investment managers, according to the regulator.
Promoter shareholders who use shell companies or tie up with offshore funds (acting as fronts) to regain control can be blocked by lenders, the Reserve Bank of India, and authorities like the Ministry of Corporate Affairs on suspic.
Summary: Offshore funds are often used to escape high taxes and their use is not necessarily illegal
LONDRA (CyHAN)- UK Prime Minister David Cameron is to face a grilling by MPs on Monday over his past involvement with offshore funds, as the PM sets out new plans to crack down on tax evasion.
What other shareholdings did he secretly own, and what other profits has he had from offshore funds? Why in 2013 did he personally block EU plans to make trust funds more transparent?
All due taxes appear to have been paid and many people have investments in offshore funds, most often indirectly through their pensions.
Facing calls to explain his family's finances, the Prime Minister declared he has "no shares, no off-shore trusts, no offshore funds".
In a statement on Tuesday, a spokesman for Cameron told Reuters that the prime minister, his wife and their children did not benefit from any offshore funds at present.
The Prime Minister insisted he has "no no offshore trusts, no offshore funds", after late father Ian's tax were highlighted in the document disclosure.
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