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.
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 Corp.
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?
Q: After I was left money by a relative, I invested in unit trusts.
Authorised unit trusts and OEICs invested in gilts, bonds, or money market instruments and bank deposits (cash funds) pay out interest distributions; and authorised unit trusts and OEICs invested in shares usually pay out dividend distributions.
Wealthy investors have been warned about the long term viability of 'private' authorised unit trusts and open ended investment companies (OEICs).
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.
NORDIC BUSINESS REPORT-1 February 2002-Households remained the largest investor sector in Norway's unit trusts in 2000 (C)1994-2002 M2 COMMUNICATIONS LTD http://www.
com) provides information on municipal bond unit trusts, and TrustNet (www.
Unit trusts normally charge an initial fee of some 5% to 6%, plus an annual charge of around 1%.