Economy

 - 'Debt Fund' - An investment pool, such as a mutual fund or exchange-traded fund, in which core holdings are fixed income investments. A debt fund may invest in short-term or long-term bonds, securitized products, money market instruments or floating rate debt. The fee ratios on debt funds are lower, on average, than equity funds because the overall management costs are lower.

- 'Equity fund'- A mutual fund that invests principally in stocks. It can be actively or passively (index fund) managed. Also known as a 'Stock fund'.

- 'Hedge Fund' -An aggressively managed portfolio of investments that uses advanced investment strategies such as leveraged, long, short and derivative positions in both domestic and international markets with the goal of generating high returns (either in an absolute sense or over a specified market benchmark).