DUALPURPOSE FUND
dual-purpose fund: translation
A closed-end fund consisting of two classes of shares. The two classes are preferred shares, on which shareholders receive all the dividends and interest from the portfolio, and common shares, on which shareholders receive all the capital gains. Bloomberg Financial Dictionary
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dual-purpose fund dual-purpose fund ➔ fund1
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dual-purpose fund UK US noun [C] FINANCE
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They offer dual-purpose funds which offer enhanced income with reduced risk.