Sector Equity Fund

Sector Equity Fund

A mutual fund or other fund that invests predominantly or exclusively in stocks in a single industry or sector. For example, a sector equity fund may invest only in energy companies, or, even more narrowly, only in natural gas companies. Sector equity funds perform well when their industries perform well, but they are risky because there is little attempt at diversification.
References in periodicals archive ?
Al Meezan also manages Pakistan's largest private sector Equity Fund i.
Al Meezan has to its credit Pakistan's largest private sector Equity Fund i.
Al Meezan also has to its credit Pakistan largest private sector Equity Fund i.
The Fund was a spin-off from the Gabelli Equity Trust in November 1994 and as a sector equity fund originally distributed any net investment income and net realized capital gains to shareholders on an annual basis.
Al Meezan has to its credit the industry's largest private sector equity fund, Meezan Islamic Fund (MIF) along with the largest Voluntary Pension Fund (VPS) scheme with AUMs of Rs27.
was the #1 closed-end equity fund for the 10 years ended December 31, 2002 and the #1 closed-end sector equity fund for the one year and five years ended December 31, 2002, based on NAV performance as ranked by Lipper, Inc.
Thus MIF, the largest private sector equity fund in Pakistan with net assets of about Rs.
Separate from all that, sector equity funds had inflows of $8 billion.
10 billion also flowed to sector equity funds, with the Select Sector SPDR Energy ETF garnering $2 billion of net new cash.
NYSE: FF) (or the "Fund") announced that it received a Lipper Performance Achievement Certificate based on its #1 Rank in the Lipper Closed-End Equity Fund Performance Analysis for Sector Equity Funds based on the ten-year period ending December 31, 2005.