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Simple English definitions for legal terms
international fund
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A quick definition of international fund:
An international fund is a type of mutual fund that invests in stocks and bonds of companies outside the United States. It is different from a global fund, which invests in stocks and bonds throughout the world, including the US, and a single-country fund, which invests in an individual nation outside the US. Mutual funds are investment companies that pool money from shareholders to invest in a diversified selection of securities, such as stocks and bonds. There are different types of mutual funds, including balanced funds, bond funds, common-stock funds, growth funds, income funds, index funds, and utility funds, among others.
A more thorough explanation:
An international fund is a type of mutual fund that invests in stocks and bonds of companies outside the United States. It is different from a global fund, which invests in stocks and bonds throughout the world, including the U.S., and a single-country fund, which invests in an individual nation outside the U.S.
For example, an international fund may invest in companies based in Europe, Asia, or South America, but not in companies based in the United States. This type of fund allows investors to diversify their portfolio and potentially benefit from the growth of international markets.