Definitions for "Global Funds"
Mutual funds that invest in stocks of companies from all over the world
Mutual fund investing primarily in stocks and debt obligations (i.e. bonds) of foreign governments and/or corporations. Global bond funds can also be subject to foreign currency exchange risks.
Invest in stocks of companies based both inside and outside the U.S. Since a fund needs only to have 25% of its assets in overseas companies to be considered global, this is not the kind of fund you want for strict asset allocation. Rather, it's great if you like the manager and have faith in his freedom to find good investments around the globe.