an investment fund which invests at least 80% of its assets in North American securities. Most funds of this category invest in a broad range of US companies, others concentrate on smaller and/or Canadian companies.
[...] Investment funds specialising in North America are popular in the UK. There are 150 North American unit and investment trusts with £6 billion of assets, making it one of the largest investment fund subsectors. North American funds usually invest in companies quoted on the New York Stock Exchange, but the NYSE does not have a monopoly. There are many other exchanges. [...]