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This means that unlike services like Venmo, the company never actually touches any funds, meaning it isn't required to deal with the regulatory issues of transmitting money.
Actively managed funds, meaning ones that actually select stocks, charge relatively high fees.
Target-date funds are actually "funds of funds," meaning that they own a selection of the stock and bond funds offered by a particular fund company.
The legislation establishes a common regulatory regime for funds, meaning those that fall under the UCITS umbrella can market themselves throughout the EU.
Pell grants, financial aid for low-income college students, are currently paid for by a combination of discretionary funds, meaning that Congress decides how much money is spent each year; and mandatory funds, meaning that a government formula determines how much is spent.
The year now ending will be the fourth consecutive year in which mutual funds that invest primarily in American stocks experienced net outflows of funds, meaning that investors as a group withdrew more money than they put in.
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Grizzly Short, advised by Leuthold Weeden Capital Management in Minneapolis, is a short fund, meaning that it makes money when stocks drop.
But you won't be eligible for government funding, meaning your employer has to pay your training costs.
The Research Excellence Framework (Ref) has underpinned government funding, meaning that university resources have been thrown at demonstrating the impact of research.
The Office spin-off film Life on the Road has finally been funded, meaning we'll definitely be seeing David Brent on the big screen some time next year.
The local government scheme is fully funded, meaning contributions from the employer and employee go into an investment fund with £140bn of assets currently covering all payments.
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