Commingled Fund

Commingled Fund - A Commingled fun is a mutual fund or a common trust fun consisting of various kinds of assets from several accounts united together. The commingled funds asset, mitigate the risk for the investor or shareholder through diversification and reduces the cost of organizing each account separately. The funds were once a breach of trust as dishonest trustees mixed their own funds with the funds of the client. This became complicated to verify. The Federal Reserve Board has permitted bank trust departments to offer commingled accounts to shareholders retirement accounts. To determine the holder of the invested funds ownership is impossible.