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Investments glossary

Fund Of Funds (FOF)


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All that is gold does not glitter not all those that wander are lost.

— J. R. R. Tolkien

A fund of funds (FOF)—also known as a multi-manager investment—is a pooled investment fund that invests in other types of funds. In other words, its portfolio contains different underlying portfolios of other funds. These holdings replace any investing directly in bonds, stocks, and other types of securities.


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