Business and Personal Finance Dictionary

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• OFFSHORE MUTUAL FUND
  
  An offshore fund is a mutual fund thats sponsored by a financial institution thats based outside the US. Unless the fund meets all of the regulatory requirements imposed on domestically sponsored funds, it cant be sold in the US. However, an offshore fundand there are approximately four times as many of them as there are US-based fundsmay be sponsored by an overseas branch of a US institution, may invest in US businesses, and may be denominated, or offered for sale, in US dollars.
  
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