Umbrella Fund
Definition
Umbrella Fund. Fund structure which has one or more investment pools.
An umbrella consists of several funds, and is a pool. ISO FIBIM definition: In securities, a collective investment scheme that has a contractual or a corporate form. When it has a contractual form, a fund is constituted under either the law of contract or under the trust law and thus it is not a legal entity. In its corporate form, a fund is a legal entity and is structured as a company. However it is not clear how this uniquely defines an umbrella fund as such.
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
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