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Glossary > U > "Umbrella fund" Definition

Umbrella fund

A collective fund containing several sub-funds, each of which invests in a different market or country. The umbrella fund structure makes it cheaper for savers to move from one sub-fund to another.

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Umbrella fund \ A collective fund containing several sub-funds, each of which invests in a different market or country. The umbrella fund structure makes it cheaper for savers to move from one sub-fund to another.

Umbrella fund / a collective fund containing several sub-funds, each of which invests in a different market or country. the umbrella fund structure makes it cheaper for savers to move from one sub-fund to another.