信通卡（信通卡最新消息）

母基金一般指基金中的基金，其英文为：Fund of Funds简称FOF，或mother fund或master fund，是一种专门出资于其他出资基金的基金。母基金并不直接出资股票或债券，其出资规模仅限于其他基金，通过持有其他证券出资基金而直接持有股票、债券等证券财物，它是结合基金产品立异和出售途径立异的基金新品种。一方面，母基金将多只基金绑缚在一起，出资母基金等于一起出资多只基金，但比别离出资的本钱大大降低了；另一方面，与基金超市和基金绑缚出售等纯出售方案不同的是，母基金彻底选用基金的法令方法，依照基金的运作方式进行操作；母基金中包含对基金商场的长期出资战略，与其他基金相同，是一种可长期出资的金融东西。作为一种直接出资方法，FOF广泛存在于一起基金（即国内的证券出资基金）、信任基金、对冲基金和私募股权出资基金等范畴。因而，FOF被相应的分为一起基金的基金（Fund of Mutual Funds），信任出资基金的基金（Fund of Investment Trust funds）对冲基金的基金（Fund of Hedge Funds，简称FOHFs）和私募股权出资基金的基金（Private Equity Fund of Funds，简称PE FOF。）为了更好的了解该词，以下是其英文释义：A "fund of funds" (FOF) 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 run by other managers.合同双语例句：If, following consultation with the Investment Manager, it appears expedient for tax, regulatory or other reasons the Directors consider appropriate, the Fund, or any Segregated Portfolio, may:(a) invest through one or more wholly-owned subsidiaries of the Fund or such Segregated Portfolio; or

(b) channel investments through vehicles that would effectively operate as a master fund in which one or more Classes of Participating Shares or other investment vehicles may invest.

Such subsidiaries or master funds may be managed by the Investment Manager or its affiliates and may pay separate fees to those persons.

Such subsidiaries or master funds may incur operational and administrative costs and expenses that include, but are not limited to, establishment costs, administration fees and local regulatory fees. These costs and expenses will be paid out of the assets of the relevant Segregated Portfolio.

Each Shareholder accepts that any reorganisation into a master-feeder fund structure will not adversely affect it in any material respect and therefore shall not require consent of the Shareholders in any form. For this purpose, the sub-section headed "Variation of offering terms" under the section headed "The rights of the Fund and Investors" will not apply to any such reorganisation into a master-feeder fund structure.在与出资办理人洽谈后，假如出于税务、监管或其他董事以为恰当的原因而使下列举动显得必要，则本基金或任何独立出资组合能够采纳以下举动：（a）通过本基金的一个或多个全资子公司或上述独立出资组合进行出资；或

（b）通过能够有用用作母基金的东西进行出资，其间一类或多类参加股份或其他出资东西可出资于该母基金。

此类子公司或母基金可由出资办理人或其关联方进行办理，并可别离向其付出费用。

此类子公司或母基金可能会发生运营和行政本钱和费用，包含但不限于公司建立费用、行政费用和当地监管费用。这些费用和开支将从相关独立出资组合的财物中付出。

各股东均供认，任何重组为母子基金结构的重组均不会在任何严重方面临其发生晦气影响，因而，无需通过股东任何方法的赞同。为此意图，“本基金和出资者的权力”一节下的“出售条款的改变”末节将不适用于重组为母子基金结构的任何重组。

来历：译问 ://qidulp/