specialty fund

Definition

A mutual fund investing primarily in the securities of a particular industry, sector, type of security or geographic region. also called specialized fund.

Use specialty fund in a sentence

The specialty fund was set up and we were all very happy with it and what it did because it would help everyone.

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You may want to do a lot of research before you decide that the time is right to get involved with a specialty fund.

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My hedge fund manager is setting up a specialty fund to invest in Russian sugar confectioners and asked me if I would like to invest.

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special-purpose bond crossover fund