Established under a trust deed, it is a pooled investment fund that regularly offers new units to owners, and stands ready to reclaim any existing ones.

A fund which pools investors' money, making it easier for them to buy into a wider range of investments and reduce the costs of investing. If you invest in a unit trust your money is used to buy units, thus the more people that invest in the unit trust, the bigger the trust gets.  back

A collective investment which invests in a range of assets e.g. equities, fixed interest and cash. Can either be general fund or more specialist investing particular type of asset e.g. property or geographical area e.g. Far East.

A unit trust is an open ended collective investment. It is open ended because the number of 'units' in each trust will vary according to supply and demand. It is collective because it puts together the money from many different investors for a professional investment manager to look after. It is the job of the unit trust fund manager to make sure the money is invested properly and to deliver the investors the very best returns. Most unit trusts use the money given to them by unit holders to buy ordinary shares, or equities, but with more than 1,700 unit trusts managed by 170 management companies, there are a great many different types from which to choose.

An investment fund which invests in a portfolio of shares, in which investors can buy units. Investment performance is linked directly to market conditions.

A collective investment fund in the form of a trust which holds a portfolio of securities on behalf of the investors who hold units in the trust.

A unit trust is a trust that invests its funds in a spread of equities or fixed interest securities. A professional manger runs the portfolio. You buy units in the unit trust, the amount you pay being added into the unit trust's funds. The price you pay for the units is based on the value of the unit trust's investments. You can sell your units back to the unit trust at any time. There is a difference between the buying and selling price, known as the "bid/offer spread".

Unit trust is an investment fund managed by a professional investment manager.

An investment vehicles that allows investors to pool money. The fund grows or shrinks as investors add or withdraw money from it.... more on: Unit Trust

A trust formed to manage securities on behalf of a number of small investors giving the combined benefits of diversification, security and a sufficient weight of assets to ensure cost-effectiveness and merit the attention of leading fund managers. The trustee is normally a major bank and is the legal holder and custodian of the securities.

a fixed portfolio of stocks or bonds, held for a predetermined time, often one year.

A type of collective investment scheme set up under trust. Its portfolio of investments is utilized and investors take a stake in the fund by buying these units. The price of a unit is based on the value of the investments the trust has invested in.

Fund of stocks and shares held by a trustee for the benefit of subscribing investors; an easy means of obtaining a spread of investments. The British equivalent of a mutual fund. Voluntary liquidation Liquidation initiated by a company, not one imposed by a court. Wall Street Financial district of New York in lower Manhattan; the American equivalent of the City of London; used as a synonym for the U.S. financial markets.

A fund which pools investors' money and gives them a ready-made portfolio of investments. A unit trust creates new units in response to increasing demand and prices units close to their underlying asset value. A unit trust may also redeem units when unit holders cash-in their holding.

A unit trust is an investment fund where the money of a number of investors is pooled and invested in either one asset class or a variety of asset classes (depending on the fund chosen). Your interest in the trust is represented by the number of units you hold.

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"

a collective investment scheme which pools money from many investors who share the same financial objectives

a collective investment vehicle created under trust

a "collective" or "pooled" fund made up of assets - usually shares - and owned by lots of different individuals

a financial vehicle through which individuals may invest their money

a form of collective investment vehicle structured as a trust where investors' contributions to the trust are pooled to enable those investors to participate in all the investments of the trust

a fund into which investors pool their money

a fund that invests in different stocks and shares

a fund where an investor, known as a unitholder, pools funds with a large number of investors

a managed fund in which you buy 'units', which go up and down in value (rather like shares)

a means of investing, indirectly, in securities (such as shares on the stock market)

an inter vivos trust for which the interest of each beneficiary can be described at any time by referring to units of the trust

an investment fund shared by lots of different investors

an investment instrument where the savings of many individuals are pooled together into a Fund

an investment vehicle that allows investors to subscribe to units of the trust

an investment whereby private investors can obtain professional management for a wide variety of investments

an open-ended investment, as the number of units in each trust will vary depending on supply

an unincorporated fund constituted by a trust deed made between a management company and a trustee

a pooled investment fund that invests in quoted shares

a pooled investment fund where thousands of investors, most of whom know little about saving in this way, benefit from greater security and better economies of scale than if they had invested directly in company shares

a pooled investment plan in which the capital contributions of investors are combined into a legally formed Trust Fund

a pooled investment vehicle whereby individuals pool their savings together and invest in shares, property, fixed interest or other types of securities

a portfolio of investments that spread market risks

a professionally managed collective investment scheme which pools your money with the money of thousands of other investors

a simple and convenient way in which a small investor can invest in the most prestigious companies on the Johannesburg Stock Exchange (JSE)

a Trading Trust

a trust formed to manage a portfolio of securities in which small investors can buy units

a trust in which the trust property is divided into a number of defined shares called units

a trust or fund that is divided into units representing capital and income entitlements

a trust where the beneficiaries (called unitholders ) each possess a certain share (called a unitholding ) and can direct the trustee to pay money to them out of the trust property according to the number of unitholdings they possess

a way to invest money with loads of other small investors via a stock exchange expert

A type of managed fund. Managed funds work by pooling money from a number of investors and then using this money to buy a variety of investments. In a unit trust, each investor owns units representing a proportion of the total fund.

See managed investment.

A type of investment, which can be used in place of an "endowment or pension policy or ISA" to repay the capital on an "interest- only" mortgage. The return is not guaranteed and borrowers could be left with a shortfall at the end of the mortgage term.

It is an investment fund established under a trust deed with a common investment objective. It raises funds on a regular basis, and pools such funds from a large number of investors.

An investment vehicle which purchases a fixed portfolio of securities, such as corporate, municipal or government bonds, common stock, preferred stock, etc.

A pooled investment fund or collective investment where the investor purchases units in the trust the value of the units may rise or fall over time. Unit trusts are established under a trust deed that continually offers new units and redeems existing units from the owners. (see also Unit trusts)

See Open-end fund.

Fund where many people invest and produce a pool of money, which is then invested in securities by a "professional" fund manager.

a stock market linked investment often used as collateral to repay an interest-only mortgage.

A form of collective financial investment. An investment fund is a company which creates a fund by selling lots of investment fund share units to investors; these units are known as fund assets. It invests these assets in order to increase them. As a result, the value of the share units also rises, representing the profit for clients. In order to minimize the risk of losses, the company frequently spreads the fund assets over many different investments.

A form of collective investment. Many small investors entrust their money to the managers who invest in a range of companies.

An open-ended mutual fund that invests funds in securities and issues units for sale to the public. It can repurchase these units at any time.

An investment vehicle through which investors can pool together their funds for investment in securities through a professional fund manager. Investors can participate in the trust fund by buying units. Each unit represents a fraction of the portfolio held.

A unit trust is an investment fund which uses monies paid in by many investors. The fund is split in to units of equal value and the price of these units can move up or down. You can usually check the value of Unit Trusts in daily newspapers.

Your money is invested with thousands of others in one pooled fund. Presiding over the fund is a manager or managers responsible for achieving the fund's stated investment objective. Most unit trusts underperform the and have high charges. They are to be replaced by Open Ended Investment Companies. See Underperformance.

A popular type of stock market-linked investment that you may use to repay an interest-only mortgage. Your monthly premiums buy units in a fund of stocks and shares that is run by a professional manager. The value of units can go down as well as up, and a unit trust doesn't include life assurance.

The original Collective Investment. An open ended investment scheme in which each investor has a proportionate stake in the pool of assets.

Are a form of collective investment vehicles. The beneficial rights to the trust assets are divided into a number of units and these units are offered for sale to the public. The unit trust vehicle can either be a trust or corporate entity.

A collective product in which small investors pool their investments by buying units in a trust. The pool is then invested in one or more asset classes by a manager.

pooled investment fund or collective investment, established under a trust deed, that continually offers new units and stands ready to redeem existing ones from the owners.

A collection of stocks and shares of various companies, which are then divided into units and managed by professional fund managers who have control in the growth and profits of these units.

Investment company or contractual plan which has a fixed portfolio, as opposed to the changeable portfolio available in open-end or closed-end funds.

People can invest in unit trusts by buying units. The managers of the trust use the money people invest to buy investments. The fund manager values the fund's assets from time to time and puts a new price on the fund's units.

This is a method of pooling investor's funds and managing the assets purchased by those investors. The assets are held within a trust and usually held by a recognised bank or other financial institution who acts as custodian. Unit Trusts are managed by a Fund Manager and there are a large number covering different sectors throughout the world and the UK. Prices are quoted daily in the financial press.

A trust set up as a pooled investment fund. The portfolio of investments is unitised in order to allow investors to buy and sell units.

The capital in a unit trust is represented by units, which members buy. The number of units held determines the distribution of net income. Members may be individuals, companies or discretionary trusts.

A pooled investment where a number of investors hold units in a managed fund.

A unit trust is an investment which operates under the unit principle enabling investors to share in a pool of professionally managed investments. The success of a unit trust depends on the expertise and experience of the management company which is responsible for the trust’s investment strategy. Common types of investment undertaken by unit trusts are property, shares, mortgages, and the Short Term Money Market.

A portfolio of holdings in various companies, divided into units and managed by professionals.

An open ended collective investment vehicle, not quoted on the Stock Exchange, but investing in stock market listed securities. Units can be redeemed at will, thereby reducing the pool of funds available for investment by the investment managers of the trust.

In the United Kingdom and other foreign markets, an open-end mutual fund.

A unit trust is another name for a mutual fund. The term "unit trust" is normally used in the UK whilst "mutual fund" is an American term.

This is a trust which people can invest in by buying units. The trust uses investors' money to buy investments . The fund manager values the fund's assets from time to time and puts a new price on the fund's units.Unit trusts are sometimes called collective investment schemes.

A pooled investment structure set up under a trust deed where investors buy units in a trust that is managed by the fund manager on behalf of the investors. The value of units is set either by the market (if a listed trust) or by the trustees (if unlisted), who adjust the price according to valuations.

An open-ended collective investment fund divided into units each representing an identical fraction of the total underlying investments. The investment fund is set up under a trust deed. The investor is effectively the beneficiary under the trust.

A mutual fund or collective investment that pools investors' cash and invests it on their behalf. Investors buy 'units', whose value is calculated each day in line with the value of the underlying assets. Unit trusts each have differing investment objectives.

A mutual fund that invest only in bonds that pays principal and interest.

An entity which allows investors to pool their funds before investing the funds (can be set up by a company to seek and invest funds from investors managed by a professional fund manager).

An unincorporated fund whose organizational structure permits the conduit treatment of income realized by the fund.

an investment where a number of individuals place their money with a professional manager who manages the total fund on their behalf. Also knows as a pooled investment or managed fund.

A fund made up of a group of individual securities specifically linked to either a geographical area or business sector.

An investment which pools together customers' money allowing them to increase the type of shares they can invest in, therefore potentially reducing the risk.

An unincorporated fund whose organisational structure permits the conduit treatment of income realised by the fund

A type of trust where the rights of each beneficiary to income and capital are fixed, and are determined by the number of units held by the beneficiary. There are no glossary terms available for this letter of the alphabet.

An open-ended fund, diversifying investments to spread the risk to the investors. Investors buy units directly from the fund manager. Authorised unit trusts are subject to FSA investment regulations. Unauthorised funds are not so restricted but cannot market to members of the public.

A fund which raises money from investors and invests it in a range of securities.

A form of collective investment (mutual fund) where investors' money is pooled and invested in a variety spread of shares in order to reduce risks. The fund is open ended because more units can be created or redeemed, depending upon demand from investors. Holders receive units instead of shares.

a pooled investment fund set up under a trust deed

Similar to a mutual fund. A portfolio of securities, including mortgage-backed securities, offered by a brokerage or mutual fund.

An investment fund, split into units of equal value, which investors can buy.

A unit trust is a form of collective investment constituted under a trust deed.