Umbrella fund

Umbrella fund,

Definition of Umbrella fund:

  1. Mutual fund that invest primarily in other funds. Also called fund of funds.

  2. An offshore investment fund which invests only in other investment funds.

How to use Umbrella fund in a sentence?

  1. Fund supermarkets offer an umbrella fund for investors which invests in a range of other funds at their discretion.

Meaning of Umbrella fund & Umbrella fund Definition