In the United Kingdom and other foreign markets, an open-end mutual fund.

A fund which raises money from a number of investors, usually investing only a small amount each, which is then invested on their behalf by a fund manager in a range of shares, securitie [..]

See Mutual Fund

The category of investment known as a mutual fund in the US is called a unit trust in other parts of the world.

mutual fund

Definition An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors. The major difference betwee [..]

see trust

A unit trust is an investment which operates under the unit principle enabling investors to share in a pool of professionally managed investments. The success of a unit trust depends on the expertise [..]

is a trust formed to manage a portfolio of stock exchange securities, in which investors can buy units.  They are open ended investments which means that there is not a finite number of units in issue, and these can increase or decrease upon the net sales and repurchase by existing unit holders.

A trust set up as a pooled investment fund. The portfolio of investments is unitised in order to allow investors to buy and sell units.

An organisation which invests funds subscribed by Investors in securities, and in return issues units which it will repurchase. These units, which represent equal shares in the trust’s investment portfolio, produce income and fluctuate in value according to the assets the unit holds. The trustees which hold the securities are usually banks or insur [..]

A type of managed fund.

A unit trust is an investment which operates under the unit principle enabling investors to share in a pool of professionally managed investments. The success of a unit trust depends on the expertise [..]

the trust issues units which represent holdings of the underlying shares. The fund is divided into units which investors trade with the fund management group.

Unit trusts are the most common form of a CIS. The funds of individual investors are combined and invested across a range of different instruments.

A financial product where money from investors is pooled together and invested collectively in investments such as shares and bonds.

An unincorporated fund whose organizational structure permits the conduit treatment of income realized by the fund , also, the name used in the U.K. that describes a Mutual Fund share.

Fund of stocks and shares held by a manager for the benefit of investors. Individuals buy units in the fund, which then invests in a wide range of shares. This approach offers small investors the oppo [..]

An open-ended collective investment scheme.

A type of open-ended pooled investment vehicle, or fund, which is structured as a trust.

Money from a number of investors pooled together and invested collectively in investments such as shares and bonds. Each investor owns a unit (or a number of them), the value of which relates to the value of those items owned by the fund.

An authorised open-ended investment fund created in the legal structure of a trust.

see managed investment

A type of open-ended pooled investment vehicle, or fund, which is structured as a trust.

A collective investment. Investors’ monies are pooled together and invested according to set investment guidelines. Investors purchase units, which represent their interest in the underlying assets of the fund. The changing price of the units held reflects the rise and fall in the value of underlying assets of the fund. Unit Trusts are ‘Open Ended’ [..]

A pooled investment fund or collective investment, established under a trust deed, that continually offers new units and stands ready to redeem existing ones from the owners.

A trust formed to allow individual investors to have a share in ownership. Small investors are allowed to buy units in a fund that can represent part ownership.

In the United Kingdom and other foreign markets, an open-end mutual fund.