Assertion: fund | /r/CapableOf | focus its investments
Facets:
value: in geographic region
type: LOCATION
value: in a particular country
type: LOCATION
value: in a particular type of investment
type: OTHER
value: in equities
type: LOCATION
Source sentences:
text: A name suggesting that the Fund focuses its investments in a particular type of investment or investments, or in investments in a particular industry or group of industries, unless:
text: The rule also would address names suggesting that an investment company focuses its investments in a particular country or geographic region, names indicating that a company's distributions are exempt from income tax, and names suggesting that a company or its shares are guaranteed or approved by the United States government.
text: We are modifying our proposal to require investment companies with names that suggest that they focus their investments in a particular country (e.g., The ABC Japan Fund) or in a particular geographic region (e.g., The XYZ Latin America Fund) to meet a two-part 80% investment requirement.21 Rule 35d-1, as adopted, requires that an investment company with a name that suggests that it focuses its investments in a particular country or geographic region adopt a policy to invest at least 80% of its assets in investments that are tied economically to the particular country or geographic region suggested by its name.22
text: A name suggesting that the Fund focuses its investments in a particular country or geographic region, unless:
text: Similarly, the term "growth and income" does not suggest that a fund focuses its investments in a particular type of investment, but rather suggests that a fund invests its assets in order to achieve both growth of capital and current income.
text: Likewise, the term "equity income" suggests that a fund focuses its investments in equities and has an investment objective or strategy of achieving current income.
text: However, a fund that has a name containing both the term "global" or "international," and a term that suggests that the fund focuses its investments in a particular type of investment, e.g., "fixed income," will be expected to comply with the 80% investment requirement with respect to the latter term.
text: Additionally, an investment company with a name suggesting that it focuses its investments in a particular country or geographic region must disclose in its prospectus the specific criteria that are used to select investments that meet this standard.
text: With respect to the prospectus disclosure regarding the specific criteria that are used to select investments for an investment company with a name suggesting that it focuses its investments in a particular country or geographic region, the Commission estimates that the annual burden will be two hours for each affected investment company and series of an investment company.