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Glossary   >   F   >   "Fund of funds" Definition            Fund of funds A unit trust which invests in other unit trusts, providing the investor with double diversification. Often a fund of funds will invest in trusts run by the same group, but some of them will invest in funds run by other groups too. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Fund of funds - A unit trust which invests in other unit trusts, providing the investor with double diversification. Often a fund of funds will invest in trusts run by the same group, but some of them will invest in funds run by other groups too.