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Investment Trust
(redirected from Split capital investment trust)

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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.
Unit Investment Trust
An investment company that offers an unmanaged portfolio of stocks and/or bonds, packaging the portfolio as shares that are redeemable from the trust after a certain period of time. Unit investment trusts are designed to give shareholders income from dividends and/or coupons. See also: Mutual fund.
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INVESTMENT group Aberdeen Asset Management are in the red after paying out pounds 50million to disgruntled clients over losses in the split capital investment trusts collapse six years ago.
pounds 50m payout firm in the red by Daily Record (Glasgow, Scotland)
Byline: Nicky Burridge THE City watchdog yesterday said it had extended its investigation into allegations of collusion between split capital investment trusts to cover 21 different firms.
Trusts probe takes in 21companies by Daily Post (Liverpool, England)
I AM pleased to say that a unit trust is a very different type of investment from a split capital investment trust and you are not in this category.
MONEYBOX; LESLEY COLLINS, head of Independent Women Financial ... by Sunday Mail (Glasgow, Scotland)
 
 
 
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