Unit trust: Difference between revisions
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* [[Undertaking for collective investments in transferable securities]] | * [[Undertaking for collective investments in transferable securities]] | ||
[[Category:Financial_products_and_markets]] | |||
Revision as of 14:18, 21 August 2018
UK.
A unit trust is a vehicle for small investors to invest, indirectly, in listed securities.
The small investors buy units in the unit trust, and the trust invests in a portfolio of listed securities.
A unit trust is similar to an open-ended investment company, except that the units in the unit trust are not themselves listed.
