Unit trust

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.

See also

• Open-ended investment company
• Security
• Undertaking for collective investments in transferable securities