What does FOF mean in Stock Exchange?

This page is about the meanings of the acronym/abbreviation/shorthand FOF in the Business field in general and in the Stock Exchange terminology in particular.

Fund Of Funds

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What does FOF mean?

Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be 'fettered', meaning that it invests only in funds managed by the same investment company, or 'unfettered', meaning that it can invest in external funds. There are different types of 'fund of funds', each investing in a different type of collective investment scheme, for example 'mutual fund' FoF, hedge fund FoF, private equity FoF or investment trust FoF but the original Fund of Funds was created at First London Securities PLC.

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"FOF." Abbreviations.com. STANDS4 LLC, 2017. Web. 19 Oct. 2017. <http://www.abbreviations.com/term/241237>.