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 ?
Eventually, unit trust companies made arrangements with life companies to sell policies linked to their own units.
JB Vantage won not only the Silver but also the Bronze award in the Best Unit Trust category, at the seventh annual CFA Capital Market Awards, held at the Cinnamon Grand recently.
Standard Chartered Securities, a part of Standard Chartered Plc (LSE: STAN) (STD.DE) (OTC: SCBFF) (HKG: 2888), has entered into a partnership with Invesco to introduce six new unit trust funds to the local Brunei Darussalam market, according to an online report.
'When individuals invest in a unit trust, they buy a certain amount of units.
Hong Leong Bank (HLB) and Hong Leong Islamic Bank (HLISB), which are now authorised agents for Amanah Saham Nasional Bhd (ASNB) unit trust funds, will offer, beginning Friday, all 12 ASNB funds for public subscription.
It is a closed-end unit trust established by Royal Bank of Canada.
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.
25 May 2017 - UK-based private equity fund manager Electra Private Equity plc's (LSE: ELTA) manager, Epris, has sold UK-focused freehold investment property portfolio PINE unit trust to Universities Superannuation Scheme for GBP 95m (USD 123.36m), the firm said.
An award-winning fund manager, he built up the highly-regarded AES Smaller Companies Unit Trust from launch to PS330 million at its peak and headed Albert E Sharp's unit trust division.
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.
Ravi Shankar Prasad, Hon'ble Minister of Communications & IT releasing Postal stamp on UTI (Unit Trust of India) on 12th Nov 2014 at Hotel Leela, New Delhi.
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. If you are thinking of investing money in a unit trust, we recommend you only invest money you can afford to leave invested for at least five years, to increase your chances of a good return.