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Simple English definitions for legal terms
world fund
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A quick definition of world fund:
A World Fund is a type of investment company that invests money from many people in different stocks and bonds from all over the world. This means that the money is spread out in many different places, which can help reduce risk. It is also known as a Global Fund. Other types of mutual funds include Bond Funds, Growth Funds, and Income Funds. Some mutual funds charge a commission, while others do not.
A more thorough explanation:
A world fund is a type of mutual fund that invests in stocks and bonds from all over the world, including the United States. It is also known as a global fund.
For example, if you invest in a world fund, your money may be used to buy shares in companies from different countries such as Japan, Germany, and Brazil. This allows you to diversify your investments and potentially reduce your risk.
World funds are different from single-country funds, which only invest in companies from one specific country, and international funds, which invest in companies outside the United States but not within a specific country.