Mutual Fund/Unit Trust

Mutual Fund/Unit Trust
   An open-ended investment trust or unit trust, which pools together funds from many investors to establish a diversified portfolio of investments. After the initial public offering, the fund continues to both sell and redeem its shares, according to demand from the public. It invests contributions from the public in various securities and pays dividends in proportion to the investors' holdings.
   ► See also Investment Fund.

Financial and business terms. 2012.

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  • unit trust — In the United Kingdom and other foreign markets , an open end mutual fund . Bloomberg Financial Dictionary A form of collective investment scheme. Investors buy units in a unit trust which then uses the money raised to invest in a range of… …   Financial and business terms

  • unit trust — noun a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities you can invest in a unit investment trust for as little as $1000 • Syn: ↑unit investment …   Useful english dictionary

  • mutual fund — Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek …   Financial and business terms

  • Mutual fund — Mutual funds are pools of money that are managed by an investment company. They offer investors a variety of goals, depending on the fund and its investment charter. Some funds, for example, seek to generate income on a regular basis. Others seek …   Financial and business terms

  • Unit Trust of India — was created by the UTI Act passed by the Parliament in 1963.For more than two decades it remained the sole vehicle for investment in the capital market by the Indian citizens. In mid 80 s public sector banks were allowed to open mutual funds. The …   Wikipedia

  • unit trust — unit trusts N COUNT A unit trust is an organization which invests money in many different types of business and which offers units for sale to the public as an investment. You can also refer to an investment of this type as a unit trust. [BRIT]… …   English dictionary

  • mutual fund — mutual funds N COUNT A mutual fund is an organization which invests money in many different kinds of business and which offers units for sale to the public as an investment. [AM] (in BRIT, use unit trust) …   English dictionary

  • mutual fund — n AmE an arrangement managed by a company, in which you can buy ↑shares in many different businesses British Equivalent: unit trust …   Dictionary of contemporary English

  • mutual fund — mutual ,fund noun count AMERICAN * a company that invests money for you in many different companies. British unit trust …   Usage of the words and phrases in modern English

  • unit trust — unit .trust n BrE a company through which you can buy shares in many different businesses American Equivalent: mutual fund …   Dictionary of contemporary English

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