Fund
From Open Risk Manual
Definition
A Fund (or Investment Fund) is a distinct pool of financial instruments managed by a single investment policy. In another context it is a financial resource used to support a Procurement.
Context
- The word fund can refer to either an investment pool, umbrella or share class, and is commonly refered to as a collective investment vehicle (can have ISIN or not). The meaning here is for the investment pool (of which an Umbrella fund is also one such) and not to the share class.
- In the EProcurement Ontology In the context of EU, funds can be divided into programmes, actions and projects. Examples of EU funds are: the European Structural and Investment Funds, European Social Fund (ESF), the Connecting Europe Facility (CEF) programme, or the ISA2 programme and its actions. Funds may change between the lot and the contract, for example in the case of an emergency crisis, a contract may be financed by a budget that was not foreseen in the call.
References
- Action 2016.05 European Public Procurement Initiative, which supports the eProcurement Ontology under sub-action 3
