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Meaning / Definition of

Fund Supermarket

Categories: Mutual Funds, Brokerages,

A brokerage firm that provides access to a variety of mutual funds from different fund families. Fund supermarkets are analogous to grocery supermarkets: they allow consumers to buy a variety of goods from different producers at one central location. In the case of fund supermarkets, the consumers are investors, the producers are mutual fund families, and the central location is a brokerage firm. The primary benefit of a fund supermarket is simplicity: an investor can buy funds from different fund families and receive all their statements in a single report.

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Definition / Meaning of

Fall

Categories: Banking,

nouna sudden reduction or loss of value Examplesa fall in the exchange rate • a fall in the price of gold • a fall on the stock exchange • Profits showed a 10 per cent fall.verbto be reduced suddenly to a lower price or value ExamplesShares fell on the market today. • Gold shares fell 10 per cent or fell 45 cents on the stock exchange. • The price of gold fell for the second day running. • The pound fell against the euro.to happen or to take place ExampleThe public holiday falls on a Tuesday.Usagepayments which fall duepayments which are now due to be made"...market analysts described the falls in the second half of last week as a technical correction to the market" [Australian Financial Review]"...for the first time since mortgage rates began falling in March a financial institution has raised charges on homeowner loans" [Globe and Mail (Toronto)]"...interest rates were still falling as late as June, and underlying inflation remains below the government's target of 2.5 per cent" [financial times]

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