Business / Taxes / Family Of Funds: Many large mutual fund companies offer a variety of stock, bond, and money market funds with different investment strategies and objectives. Together, these funds make up a family of funds. If you own one fund in a family, you can usually transfer assets to another fund in the same family without sales charges. The transaction is known as an exchange. But unless the funds are in a tax-deferred or tax-free retirement or education savings plan, you'll owe capital gains taxes on increases in value of the fund you're selling. Investing in a family of funds can make diversification and asset allocation easier, provided there are funds within the family that meet your investment criteria. Investing in a family of funds can also simplify recordkeeping. However, the advantages of consolidating your assets within one fund family are being challenged by the proliferation of fund networks. Fund networks, sometimes called fund supermarkets, make it easy to spread your investments among several fund families.
Family Noun Synonyms: (kith and) kin, kinsmen, kindred, kinsfolk or and kinfolk, next of kin, relatives, relations, household, people, one's own flesh and blood, one's nearest and dearest, m‚nage, folks
Family Verb Synonyms: children, offspring, progeny, issue, brood, kids
Funds Noun Synonyms: money, (hard) cash, ready money, assets, means, wealth, resources, wherewithal, savings, capital, nest egg, endowment, loot, lucre, pelf, green, bread, dough, ready, readies, lolly, bucks, scratch
Business / Finance / Fund Family: As defined by FASB No. 52, an affiliate's functional currency is the currency of the primary economic environment in which the affiliate generates and expends cash. MORE
Health / Health Insurance / Physician Profiling: In the context of a pharmacy benefit plan, the process of compiling data on physician prescribing patterns and comparing physicians' actual prescribing patterns to expected patterns within select drug MORE