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Investment trust
(redirected from Investment trusts)

    Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Investment trust
A closed-end fund regulated by the Investment Company Act of 1940. These funds have a fixed number of shares that are traded on the secondary markets, like corporate stock. The market price may exceed the asset value per share, in which case shares are selling at a premium. When the market price falls below the (NAV)/share, shares are selling at a discount. Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country. These funds are usually listed on US and foreign exchanges.
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He is a member of the International Council of Shopping Centers, the National Association of Real Estate Investment Trusts and the National Council of Real Estate Investment Fiduciaries.
CB Richard Ellis: Anthony Buono by Real Estate Weekly
In short, unit investment trusts (UIT) are securities that are bundled together and then sold in pieces to investors, generally for $1,000 or less.
Build a sturdy portfolio by Dingle, Derek T. / Black Enterprise
Berkshire Hathaway said it was responding reluctantly to attempts by several money managers to exploit its reputation by creating investment trusts to sell investors fractional units of Berkshire Hathaway stock.
CUT-RATE SHARES TO COST $1,000\Company plans to sell $100 million by Daily News (Los Angeles, CA)
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