Unit trust: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: Linked pages and Handbook of International Financial Terms.) |
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Revision as of 06:11, 14 March 2017
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.
