global fund

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Financial Dictionary

Global Fund

A mutual fund that can invest in companies located anywhere in the world, including your own country.

Investopedia Commentary

Many people confuse a global fund with an international fund. The difference is that a global fund includes the entire world, whereas an international fund includes the entire world except for your home country.

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Financial Dictionary

global fund

A mutual fund that includes at least 25% foreign securities in its portfolio. The value of the fund depends on the health of foreign economies and exchange rate movements. A global fund permits an investor to diversify internationally. Compare international fund. Also called world fund.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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