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An 'umbrella fund' is an investment term used to describe a collective investment scheme which is a single legal entity but has several distinct 'sub-funds' which in effect are traded as individual investment funds.
This type of arrangement originated in the European investment management industry, most notably with the SICAV (an open ended collective investment). The SICAV model was copied for the UK OEIC and offshore fund models.

Contents

Advantages

See also

Other umbrella terms

Advantages

The umbrella fund structure makes it cheaper for investors to move from one sub-fund to another and save the investment manager costs relating to regulatory duplication.

See also

★ Collective investment schemes

★ Investment management

★ SICAV

★ OEIC

★ Mutual funds

Other umbrella terms

★ Umbrella brand

★ Umbrella term

★ Umbrella organization

★ Umbrella school