asset-backed fund

noun

1. a fund in which the money is invested in property, shares, etc, rather than being deposited with a bank or building society

Example Sentences

The purchase comes as the government continues its investigation, which has boosted funding costs for smaller banks, prompted increased scrutiny of Brazil’s 59 billion reais asset-backed fund industry and damped euphoria among investors in Latin America’s largest economy.

From BusinessWeek

The purchase comes as the government continues its investigation, which has boosted funding costs for smaller banks, prompted increased scrutiny of Brazil’s 59 billion reais asset-backed fund industry and damped euphoria among investors in Latin America’s largest economy.

From BusinessWeek

Brazil’s securities regulator proposed stepping up disclosure requirements for the 59 billion reais asset-backed fund industry earlier this month in the wake of Panamericano’s rescue.

From BusinessWeek