Legal Definitions - world fund

A world fund is a type of mutual fund that invests in stocks and bonds from all over the world, including the United States. It is also known as a global fund.

For example, if you invest in a world fund, your money may be used to buy shares in companies from different countries such as Japan, Germany, and Brazil. This allows you to diversify your investments and potentially reduce your risk.

World funds are different from single-country funds, which only invest in companies from one specific country, and international funds, which invest in companies outside the United States but not within a specific country.