What is ‘Family Of Funds’
A group of mutual funds offered by one investment or fund company. Generally, the constituent funds cover a wide range of fund categories and investment objectives.
Also referred to as a “mutual fund family” or simply a “fund family”.
Explaining ‘Family Of Funds’
Most fund companies offer a selection of mutual funds for investors to choose from. A large fund family offers investors a number of conveniences, such as “one-stop” shopping for their fund investing activities, the consolidation fund investments in one monthly statement, and the opportunity to make money transfers and undertake fund exchanges within the family easily and, usually, at little or no cost.
Examples of large, well-known fund families are American, Fidelity, T. Rowe Price and Vanguard.
Further Reading
- Information flows within financial conglomerates: Evidence from the banks–mutual funds relation – www.sciencedirect.com [PDF]
- Tournaments in mutual-fund families – academic.oup.com [PDF]
- A new finance capitalism? Mutual funds and ownership re‐concentration in the United States – onlinelibrary.wiley.com [PDF]
- Do ads influence editors? Advertising and bias in the financial media – academic.oup.com [PDF]
- Financing family business: Alternatives to selling out or going public – journals.sagepub.com [PDF]
- Household financial management: The connection between knowledge and behavior – heinonline.org [PDF]
- The impact of mutual fund family membership on investor risk – www.worldscientific.com [PDF]
- Financial literary and family & consumer scences – search.proquest.com [PDF]
- Morality in the financial market? A look at religiously affiliated mutual funds in the USA – academic.oup.com [PDF]
