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 ?
Unit Trusts are duly regulated by the SEC under the SEC Act and the Unit Trust Code, it said.
About Manulife Asset Management Services Berhad Manulife Asset Management Services Berhad (MAMSB) (formerly known as Manulife Unit Trusts Berhad) is a wholly owned subsidiary of Manulife Holdings Berhad, which is majority owned by Canada-based Manulife Financial Corporation.
Ester Kali of FNB said that the FNB Unit Trusts are focused on improving efficiency during the year as well as effecting changes to their money market funds in line with changes in the tax legislation.
QCan you tell me the difference between unit trusts and open-Ended Investment Company (oEIC) funds?
Claire Evans, Legal & General Unit Trusts Marketing Director said: "The benefit of our targeted research is that this is the first time this opportunity has been quantified.
21 billion was paid into UK-based unit trusts and OEICs during October, 26% higher than September's figure and 13%above levels for the same month of 2006.
maintained a healthy level of gross sales in our unit trusts although we have
Wealthy investors have been warned about the long term viability of 'private' authorised unit trusts and open ended investment companies (OEICs).
Wealthy investors have been warned about the long-term viability of 'private' authorised unit trusts and Open Ended Investment Companies.
Where a provider doesn't specify an ethical fund, it's still worth checking if one is available, as many stock market funds including unit trusts, investment trusts and open-ended investment companies (OEICS) ( pooled investments similar to unit trusts ( can be placed in a pension wrapper.
com) provides information on municipal bond unit trusts, and TrustNet (www.