Single-country fund is also referred to as ‘country fund’. It is a mutual fund which restricts the investments in it to the one country’s assets only. Thus, this fund can only allocate funds within the confines of the investment instruments that is allowed in the particular country. Restrictions in this fund are dictated by the mutual fund prospectus such that if the prospectus state that investments must be only in one country, the fund is bound to be invested in only one country.