income fund

noun

a mutual fund that invests primarily in stocks that are likely to continue to pay or increase dividends.

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Word History and Origins

Origin of income fund¹

First recorded in 1930–35

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Example Sentences

Examples have not been reviewed.

Around 300,000 people lost money when Woodford Equity Income Fund collapsed in 2019.

From

The Woodford Equity Income Fund collapsed in 2019 after a number of investors withdrew their money over concerns about the investments being made.

From

About 300,000 people lost money when the Woodford Equity Income Fund was frozen in 2019.

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The company said its UK funds, including the Somerset Asia Income Fund and Somerset Emerging Market Dividend Growth Fund, along with its investment team, were looking to transfer to a new investment adviser.

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"The repricing has been quite aggressive - I would say brutal," said Stefano Fiorini, global fixed income fund manager at Generali Investments Partners.

From

income distribution income group

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