A more thorough explanation:

A regional fund is a type of mutual fund that concentrates its investments in a specific geographic area or a particular economic area. Mutual funds are investment companies that pool money from shareholders to invest in a diversified selection of securities.

For example, a regional fund may invest in companies located in a specific state or region, such as the Midwest or the Southeast. This type of fund may also focus on a particular industry, such as technology or healthcare, that is prominent in a specific region.

The purpose of a regional fund is to provide investors with exposure to a specific area or industry that they believe will perform well. By investing in a regional fund, investors can benefit from the growth potential of a particular region or industry without having to research and select individual stocks themselves.

Overall, regional funds can be a useful tool for investors who want to diversify their portfolio and take advantage of specific growth opportunities in a particular area or industry.