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Clone fund
Clone fundA new fund set up in a fund family to emulate another successful fund. RELATED TERMS-------------------------------------- Fund To provide money for a specific purpose; an amount of money saved for a specific purpose. SIMILAR TERMS-------------------------------------- PREVIOUS AND NEXT TERMS-------------------------------------- Clearing Is the process of financial guarantee between clearing members. This activity intends to eliminate the risk of contractual or transactional default. Clearing corporations Organizations that are affiliated with exchanges and are used to complete securities transactions by taking care of validation, delivery, and settlement. Clearing house funds Funds from the Federal Reserve System, requiring three days to clear, that are passed to and from banks. Clearing House Interbank Payments System (CHIPS) An international wire transfer system for high-value payments operated by a group of major banks. Clientele effect Describes the tendency of funds or investments to be followed by groups of investors who have similar preferences for a firm which follows a particular financing policy, such as the amount of leverage it uses. Clone fund Close The close is the period at the end of the trading session. Sometimes used to refer to closing price. Close a position In the context of general equities, eliminate an investment from one's portfolio, by either selling a long position or covering a short position. Close end credit An agreement in which advanced credit plus any finance charges are expected to be repaid in full over a definite time. Close market An market in which there is a narrow spread between bid and offer prices, due to a high volume of trading and many competing market makers. Closed corporation A corporation whose shares are owned by just a few people, having no public market. We thank you for using the Financial Dictionary to search for Clone fund. If you have a better definition for Clone fund than the one presented here, please let us know by making use of the suggest a term option. This definition of Clone fund may be disputed by other professionals. Our attempt is to provide easy definitions on Clone fund and any other medical topic for the public at large.
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