What is MUTUAL FUND SUBADVISOR?

A fund manager’s hired assistant in managing investment portfolios. A sub-advisor works outside of the fund itself as a money manager. With the goal of reaching specific objectives, sub-advisors are authorized to manage either some or all of the fund’s assets.

More On This Topic



Link to This Definition
Did you find this definition of MUTUAL FUND SUBADVISOR helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary