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In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment. [29] The case was settled in 2010. [30] In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products. [31]
An income fund is a fund whose goal is to provide an income from investments. [1] [2] It is usually organized through a trust or partnership, rather than a corporation, to obtain more efficient flow through tax consequences in relation to the income that it earns and distributes. [3] An income fund is a type of asset allocation fund.
A stock fund, or equity fund, is a fund that invests in stocks, also called equity securities. [1] Stock funds can be contrasted with bond funds and money funds . Fund assets are typically mainly in stock, with some amount of cash , which is generally quite small, as opposed to bonds , notes, or other securities .