Definitions for unit trust
unit trust

Princeton's WordNetRate this definition:0.0 / 0 votes

1. unit investment trust, unit trustnoun

   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"

WikipediaRate this definition:0.0 / 0 votes

1. Unit trust

   A unit trust is a form of collective investment constituted under a trust deed. A unit trust pools investors' money into a single fund, which is managed by a fund manager. Unit trusts offer access to a wide range of investments, and depending on the trust, it may invest in securities such as shares, bonds, gilts, and also properties, mortgage and cash equivalents. Those investing in the trust own "units" whose price is called the "net asset value" (NAV). The number of these units is not fixed and when more is invested in a unit trust (by investors opening accounts or adding to their accounts), more units are created.In addition to the UK, trusts are found in Fiji, Ireland, the Isle of Man, Guernsey, Jersey, New Zealand, Australia, Kenya, Uganda, Namibia, South Africa, Singapore, Malaysia and Zimbabwe.

ChatGPTRate this definition:0.0 / 0 votes

1. unit trust

   A unit trust is a form of collective investment scheme where investor's capital is pooled together to invest in a diversified portfolio of securities such as stocks, bonds, and other assets. The fund is divided into units and investors, sometimes referred to as unitholders, each hold a number of units proportional to their investment. The value of these units fluctuates with the net asset value of the fund’s underlying investments. Unit trusts are managed by professional fund managers.

WikidataRate this definition:0.0 / 0 votes

1. 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, Namibia, South Africa, Singapore, Malaysia and the UK, unit trusts offer access to a wide range of securities. Unit trusts are open-ended investments; therefore the underlying value of the assets is always directly represented by the total number of units issued multiplied by the unit price less the transaction or management fee charged and any other associated costs. Each fund has a specified investment objective to determine the management aims and limitations.

Matched Categories

1. • Investment Company

How to pronounce unit trust?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say unit trust in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of unit trust in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of unit trust in Pythagorean Numerology is: 9

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=unit trust
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Unit_Trust
3. ^ ChatGPT
   https://chat.openai.com
4. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=unit trust