Sunday, December 26, 2010

Family of Funds

A family of funds, or "fund family" is a group of mutual funds provided by a single firm e.g. Fidelity, Vanguard, T.Rowe Price, Legg Mason, etc. Typically the larger mutual fund providers will offer clients a full range of funds with varying investment objectives and specialties. All of the funds within a family are distributed under the same brand, and may carry benefits for investors such as possible scale/cost benefits, but other more tangible benefits like free or low cost switching between funds within a family.

Synonyms: Fund group, Fund family, Mutual fund provider
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