unit trust


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unit trust

n
(Banking & Finance) Brit an investment trust that issues units for public sale, the holders of which are creditors and not shareholders with their interests represented by a trust company independent of the issuing agency

u′nit trust`


n.
1. an investment company having a fixed portfolio of securities that are held to maturity, each investor sharing in the profits proportionately.
2. a type of mutual fund in which an investor must invest a specified amount of money each month or quarter.
[1935–40]

unit trust

mutual fund
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.unit trust - a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities; "you can invest in a unit investment trust for as little as $1000"
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
Translations
References in periodicals archive ?
367 unit trust funds under the EPF Members Investment Scheme (EPF MIS) has received nod from Malaysia's Employees Provident Fund (EPF) for the 2018/2019 period between March 1, 2018 and Feb 28, 2019.
Prior to the acquisition, the company owned 50% of the units in the Bravo joint ventures, being the NewRiver Retail Property Unit Trust No.
3 May 2016 - US-based investment services firm Nuveen Investments has closed the acquisition of Incapital's Unit Trust platform, the firm said.
Nuveen Investments will be acquiring Incapital's Unit Trust distribution platform.
New products and changes introduced over the last week include the switch of a First Trust fund's listing to NASDAQ and the launch of an equity unit trust by Incapital and Nuveen.
This led to the establishment of the UTI or the Unit Trust of India through the Unit Trust of India Act, 1963 of the Parliament.
This acquisition will also see most of the investment management responsibility for MAAKL's unit trust funds transferred to Manulife Asset Management Services Berhad further complementing MAMSB's existing capabilities in world-class investment management.
Once you have used up your investment ISA allowance for the tax year you have the option to invest even more in a unit trust.
The financial services specialist for doctors, dentists, teachers and lawyers also reported a 59 per cent rise in ISA and unit trust sales and a 36 per cent increase in income protection product sales.
A: There is no hard and fast rule that applies to all unit trust companies, so the only safe answer has to come from the company itself.
Franck-Steier Price has completed the freehold sale of two prime shops at 31 and 33 Pride Hill, Shrewsbury, for Schroder Emerging Retail Property Unit Trust.
The guide helps unit trust and OEIC (collective investments) investors understand what information to report to the HM Revenue and Customs (HMRC) when filling in their tax return.