Thursday, December 23, 2010

Retail Fund

A retail fund is a type of fund that is registered with the local regulator, e.g. the US SEC, to be sold to individual investors. The fund manager will typically be required to provide official documentation such as a prospectus or investment statement (depending on local regulations) designed to inform investors about the investment. Retail funds are usually sold through financial advisers or brokers, but can also be sold direct by the fund management company or through fund 'supermarkets' which provide low cost access to a range of funds. The target market of a retail fund is basically mass-market, and usually has a low minimum investment.

Synonyms:  Mutual fund, Retail investment product

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