Global fund
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Global, or world, mutual funds invest in US securities as well as those of other countries. In that way, they differ from international funds, which invest only in non-US markets.
Although global funds may keep as much as 75% of their assets invested in the US, fund managers are able to take advantage of opportunities they see in various overseas markets.
Yahoo Finance - Cite This Source - This Definition- American depositary receipt (ADR), Closed-end fund, Diversified Mutual Fund, Emerging markets fund, Global depositary receipt (GDR), international fund, investment company, Offshore fund, Sector fund, Sector Mutual Fund, World fund