Definition for Unit investment trust
From Biology Forums Dictionary
Revision as of 16:13, 28 September 2017 by Bio man (Talk | contribs) (Created page with "Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a prem...")
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.