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Mortgage fund
Investment fund that invests in mortgage deeds and other similar securities. Under Art. 72 of Switzerland's Investment Fund Act, the Federal Council can issue instructions regarding the construction of mortgage funds. The Council has never yet made use of this power, and mortgage funds have therefore not been established in Switzerland.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
- Product:
- Acronym-Abbreviation:
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