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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

world fund  

Definition 1.

A mutual fund investing in stocks or bonds throughout the world, including the U.S. This differs from an international fund, which does not include the U.S. World funds can provide more opportunities for diversification than domestic funds alone, but there can be additional risks associated with global funds, including currency fluctuations and political and economic instability. also called global fund.
 
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