Definitions for "exchange fund"
Keywords:  diversify, hkd, banknotes, hong, kong
The reserve that backs issues of Hong Kong banknotes, the Exchange Fund is controlled by the Financial Secretary and may be held in HKD, foreign exchange, gold or silver, or in other securities or assets after consultation with the Exchange Fund Advisory Committee. The Monetary Authority is appointed by the Financial Secretary to manage the Exchange Fund.
a private investment fund that offers you a way to dispose of a low-basis stock and diversify your portfolio without immediately incurring capital gains tax liability
a tax-advantaged diversification tool for highly accredited individuals with large concentrated positions of typically low cost basis or restricted stock
An investment which enables individuals who have significant holdings in a single...