- unit trust
- In the United Kingdom and other foreign markets , an open-end mutual fund . Bloomberg Financial Dictionary————A form of collective investment scheme. Investors buy units in a unit trust which then uses the money raised to invest in a range of specified investment areas. If investors wish to redeem their units, they do so by selling them back to the manager of the unit trust. As a result, the unit trust will have to sell some investments to generate the cash required to repurchase the units. This gives rise to the description of unit trusts as open-ended - the size of the unit trust may vary and is determined by the level of new units purchased relative to units redeemed. Dresdner Kleinwort Wasserstein financial glossarySee also investment trusts, Undertakings for Collective Investment in Transferable Securities and open-ended investment companies. Dresdner Kleinwort Wasserstein financial glossary————A fund which raises money from investors and invests it in a range of securities. Exchange Handbook Glossary————A unit trust is a mutual fund or collective investment that pools investors' cash and invests it on their behalf. It is the role of the unit trust manager to make sure that the money is invested properly and delivers the best return for the investors. Financial Services Glossary
* * *unit trust unit trust ➔ trust
* * *► See Mutual Fund.
* * *unit trust UK US noun [C] FINANCE► in the UK, a fund in which you buy units (= shares). This money is then put into a range of investments, etc., and profits are paid in relation to the number of units that you own: »
Collective investments such as unit trusts are ideal products for investment on behalf of a child.
Financial and business terms. 2012.
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unit trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. unit trust … Law dictionary
unit trust — unit trusts N COUNT A unit trust is an organization which invests money in many different types of business and which offers units for sale to the public as an investment. You can also refer to an investment of this type as a unit trust. [BRIT]… … English dictionary
unit trust — ► NOUN Brit. ▪ a trust managing a portfolio of stock exchange securities, in which small investors can buy units … English terms dictionary
unit trust — unit .trust n BrE a company through which you can buy shares in many different businesses American Equivalent: mutual fund … Dictionary of contemporary English
unit trust — noun count BRITISH BUSINESS a MUTUAL FUND … Usage of the words and phrases in modern English
Unit Trust — Der Unit Trust ist eine Form des kollektiven Investments auf Basis eines Treuhandverhältnisses (trust deed). Im Unit Trust Statut (siehe auch Fondsprospekt) sind die wichtigsten Regeln festgelegten. Unit Trusts werden in Australien, Irland, der… … Deutsch Wikipedia
Unit trust — A unit trust is a form of collective investment constituted under a trust deed.Found in Australia, Ireland, the Isle of Man, Jersey, New Zealand, South Africa, Singapore [Lee, Boon Keng and Ong, Andy. Personal Financial Planning in Singapore. INS … Wikipedia
unit trust — 1) In the UK, an investment fund shared by a large number of different investors. A unit trust is an ‘open ended fund’, which means that the fund gets bigger as more people invest and smaller as people withdraw their money. A fund manager is… … Accounting dictionary
unit trust — noun 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 • Syn: ↑unit investment … Useful english dictionary
unit trust — 1) In the UK, an investment fund shared by a large number of different investors. A unit trust is an open ended fund , which means that the fund gets bigger as more people invest and smaller as people withdraw their money. A fund manager is… … Big dictionary of business and management