Investment trust and Private placement: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
m (Added two ACT website links)
 
Line 1: Line 1:
An investment trust is a limited liability company whose sole aim is to invest in securities issued by other entities.   
This is a form of securities issuance that has no exact definition.   


It usually refers to an issue that has been designed for a specific set of investor needs at a particular time. 


Investment trusts are similar to unit trusts.
As such it is not expected to be traded in the secondary market and is not a 'public' issue.


However, unlike a unit trust, the number of shares that can be issued is limited (it is a closed-ended structure). 
It is not normally expected to be listed on an exchange.
 
A wide variety of securities under various names are private placements. In Germany, [[Schuldschein]] are a form of private placements, for example.
 
 
== ACT Website links ==
 
[http://www.treasurers.org/blogs/ceo/201307 Colin Tyler's Blog 5 July 2013]
 
[http://www.treasurers.org/node/8624 Developing a UK Private Placement market – report of the PP15+ working group]




== See also ==
== See also ==
* [[Bid-offer spread]]
* [[Issue]]
* [[Company]]
* [[Placement]]
* [[Investment]]
* [[Rule 144A]]
* [[Investment company]]
* [[Secondary market]]
* [[Investment fund]]
* [[Limited liability]]
* [[Net asset value]]
* [[Open-ended investment company]]
* [[Real estate investment trust]]  (REIT)
* [[Security]]
* [[Security]]
* [[Trust]]
* [[Undertaking for collective investments in transferable securities]]
* [[Unit trust]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]

Revision as of 13:30, 1 October 2013

This is a form of securities issuance that has no exact definition.

It usually refers to an issue that has been designed for a specific set of investor needs at a particular time.

As such it is not expected to be traded in the secondary market and is not a 'public' issue.

It is not normally expected to be listed on an exchange.

A wide variety of securities under various names are private placements. In Germany, Schuldschein are a form of private placements, for example.


ACT Website links

Colin Tyler's Blog 5 July 2013

Developing a UK Private Placement market – report of the PP15+ working group


See also