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Unit Trust

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Unit trust
In the United Kingdom and other foreign markets, an open-end mutual fund.
Unit Trust
A British term for an open-ended mutual fund. See also: OEIC.

Unit trust. The category of investment known as a mutual fund in the United States is called a unit trust in other parts of the world.
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The OEIC is frequently described as the modern day equivalent of the older unit trust; the unit trust trades on both an offer and a bid price, while the OEIC trades at a single price.
Who Needs Financial Investment Advice? by Simon Burgess / Finance and Investment community
The top-performing investment trust over three years (F&C Private Equity) is up 355% compared with 201% for the top-performing unit trust (Neptune Russia and Greater Russia).
Gearing up for super-charged returns by guardian.co.uk / guardian.co.uk
3 million form UK-based unit trust and OEIC (open-ended investment companies) ISAs during the month, the first time deposits have been negative for a year.
ISAs fall out of favour with investors by Huddersfield Daily Examiner (Huddersfield, England)
 
 
 
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