group of funds

Fund Family

A set of mutual funds managed by a single company. The funds within a fund family have different investment goals and/or strategies. However, because the same company manages the whole family, individual investors may generally move money from one fund to another without extra commissions or fees. This allows investors to be flexible in their own investment goals according to their particular needs at a given time. A fund family is also called a group of funds.

group of funds

References in periodicals archive ?
TO) and Guardian Group of Funds Ltd are expected to amalgamate to form a single legal entity.
Grant's standard approach is to recommend a small group of funds that she can monitor closely.
is being sued by a group of funds associated with a New York money manager over the recently renegotiated terms of the struggling financial-services company's outstanding debt.
The 13-year-old Enterprise Group of Funds is poised for growth now that its parent company, MONY Group Inc.

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