Definition of fund family

A fund family or family of funds is a set of funds that may have different investment objectives or invest in different asset classes, but are offered by the same fund provider. The advantage of having access to a fund family is that the fund management company will usually allow investors to move their assets from one fund to another at little or no cost.

 

fund family in the news

In May 2012 it was reported that asset managers' margins were increasingly under pressure. Morgan Stanley Smith Barney, one of the biggest 'wirehouses' selling funds on its platform told asset managers that having a presence on its platform would cost at least $250,000 per year, per fund family. The new rates represented a five to 10-fold increase over 2009.

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