Fund Basics
What is a fund of funds?
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A fund of funds invests a substantial portion of its assets (generally 40% or more) in collective investment securities issued by other funds.
To prevent excessive concentration in a single fund or in the funds of a single asset manager, the FSCMA sets investment limits, for example allowing up to 20% in a single fund and up to 50% in funds of the same asset manager. The managers of the underlying funds may differ from the manager of the fund of funds.
This answer is general financial information as of 14/10/2026, not investment advice. Rules and tax rates change, so please also check the latest guidance from the source institution.
