TERMIUM Plus®

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CLONE REER [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2000-06-10

English

Subject field(s)
  • Investment
  • Currency and Foreign Exchange
DEF

A fund which tries to mimic the performance and/or the strategy of a successful, existing fund.

CONT

The money you invest in a clone fund actually goes on deposit in a Canadian financial institution. Then a small portion of it is used to purchase a forward contract, also known as a derivative, which holds foreign assets equal to those in the original fund. So, it gives you a return equal to the foreign fund, but because most of the money sits in a Canadian bank, Revenue Canada has determined that the clone fund actually qualifies as Canadian content for your RRSP.

French

Domaine(s)
  • Investissements et placements
  • Politique monétaire et marché des changes
DEF

Fonds se servant d'instruments dérivés pour refléter la performance de certains fonds communs de placement internationaux, mais classés comme teneur canadienne aux fins du REER.

Key term(s)
  • fonds cloné
  • clone REER

Spanish

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