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Huraya Holdings (Pty) Ltd. T/a Huraya Ins Broker
| Tel: +267 310 2369 |
| Fax: +267 310 2368 |
Postbox:
PO Box 1751
Gaborone |
Insurance Brokers. |
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From The Glossary » | Fund of Funds: |
| | A fund of funds is a unit trust fund that invests in a range of other unit trusts. A dedicated fund manager makes the selection from any unit trust fund with specific performance objectives in mind. A fund of funds can offer reduced risk and lower volatility because of unit trust diversification. The cost of a fund of funds are higher than ordinary unit trust, as they are always invested in at least five underlying unit trusts. The investor should ... | | More Definitions » |
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