An umbrella fund is a collective investment scheme that exists as a single legal entity but has several distinct sub-funds which, in effect, are traded as individual investment funds. This type of arrangement originated in the European investment management industry, most notably with the SICAV (an open-ended collective investment). The SICAV mode...
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A collective fund containing several sub-funds, each of which invests in a different market or... <a target=_blank href='http://www.finance-glossary.com/terms/umbrella-fund.htm?id=1969&ginPtrCode=00000&PopupMode=false' title='Read full definition of umbrella fund'>more</a>
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