What Are FIIs? Foreign Institutional Investors Guide
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Key terms
- Institutional InvestorOrganizations that invest on behalf of others, including pension funds, mutual funds, insurance companies, and endowments. Control majority of stock market trading volume.
- Foreign Transaction FeeA fee charged for purchases made in foreign currencies or with foreign merchants, typically 1-3% of the transaction. Many travel cards waive this fee.
- FATCA (Foreign Account Tax Compliance Act)A federal law requiring US citizens and residents to report foreign financial accounts and assets exceeding certain thresholds to the IRS. Foreign financial institutions must also report accounts held by US taxpayers to comply with the law.
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