I am looking for the legally correct expression for funds that are not fund-of-funds. Those funds do not invest in other funds but to at least 90% directly in stocks or bonds.

In German there is the expression "Zielfonds" which would be "target fund" in English - which is not correct as I assume. I looked through law texts in Enlish and I did not find a specific expression for this and I wonder whether it exists.

Maybe the right word is just "fund" and fund-of-funds for a distinction?

  • Your last sentence is correct. They are just called funds.
    – Chenmunka
    Commented Jun 1, 2017 at 9:01

1 Answer 1


The term you are looking for is "fund".

What is a 'Fund Of Funds':

  • A fund of funds (FOF) - also referred to as a multi-manager investment - is an investment strategy in which a fund invests in other types of funds. This strategy invests in a portfolio that contains different underlying assets instead of investing directly in bonds, stocks and other types of securities.


  • thanks, I've been on investopedia.com (among other pages) too. Such texts were the reason for my conjecture.
    – Richi W
    Commented Jun 1, 2017 at 9:38

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