unit investment trust

(redirected from Fixed Trusts)
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Noun1.unit investment 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
References in periodicals archive ?
The draft legislation did not accord with prior announcements -- it would exempt fixed trusts and would not in fact tax trusts like companies -- and represented the highly ideological left-of-centre philosophies that have become expected from the Australian Taxation Office.
Family trusts, for example, are a staple of small business, whereas fixed trusts (to be exempted under Mr.