common trust fund
- It's a trust fund set up by a bank's trust department, combining the assets of numerous small trusts to achieve better diversification in investment
- The bank's trust department transferred their smaller trusts into a common trust fund to increase their investment diversification.
- The financial advisor recommended setting up a common trust fund to maximize the benefits from diverse investment opportunities.
- To mitigate the investment risks, all the small trusts were merged into a single common trust fund.