Uniform Customs and Practice for Documentary Credits and Unit trust: Difference between pages
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''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 == | |||
* [[Investment trust]] | |||
* [[Open-ended investment company]] | |||
* [[Security]] | |||
* [[Undertaking for collective investments in transferable securities]] | |||
* [[Vehicle]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category: |
Revision as of 15:18, 10 December 2021
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.