Nigeria Investing
Dollar Fund
Definition
What is Dollar Fund?
A fund denominated in US dollars and usually investing in dollar assets under its mandate.
Example in practice
How This Looks in Practice
An investorA person or organisation that commits capital with the expectation of a financial return. uses a dollar fund to maintain foreign-currency exposure.
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Related Terms
Nigeria Investing
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.