Also called an international fund. A mutual fund investing in securities worldwide. In addition to managing trends in particular securities markets, global funds must also manage foreign currency movements. Mutual funds are sold by prospectus; a prospectus contains complete information on risks, fees and expenses, and should be read carefully before investing. The risks associated with investing on a worldwide basis include differences in regulation of financial data and reporting, currency exchange differences, as well as economic and political systems that may be different from those in the United States.