Investment trust

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Related to Investment trusts: Real estate investment trusts

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.
References in periodicals archive ?
Investment trusts have independent Boards of Directors who look after shareholder interests and monitor the activities of the fund manager.
QA Im interested in obtaining a unit investment trust.
But unlike unit trusts, investment trusts are stock market-listed companies in which investors buy and sell shares - just as they would with any other business.
Among collective investments, unit trusts and OEICs are the dominant products in terms of funds under management, largely due to their open-ended nature, which is preferred by consumers over closed-ended investment trusts.
It was the second consecutive month in which canceled or redeemed investment trusts outnumbered newly opened investment trusts.
At the same time, the government will abolish a regulation that had previously banned investment trust management companies from selling investment trusts to customers.
SL Green Realty is a self-administered and self-managed real estate investment trust ("REIT") that primarily owns, manages, leases, acquires and repositions office properties in Manhattan.
RAIT Investment Trust ("RAIT") (NYSE:RAS), a specialized real estate finance company, has named Jerry Clark as Managing Director and Senior Portfolio Manager responsible for managing private equity investments.
NYSE:ESS), a real estate investment trust (REIT) with apartment communities located in targeted West Coast markets, said today that at the close of financial trading it was added to the S&P Small Cap 600 Index.
investment trusts, but any impact on leverage ratios is not expected to be material.
CJ Investment Trust & Securities Company (CJITS), a leading South Korean investment trust and securities company, and The Prudential Insurance Company of America, one of the largest global financial institutions based in the United States, announced today that they have signed a definitive agreement by which Prudential will invest 110 billion Korean won (approximately US$90 million) in CJITS through preferred stock and convertible debentures.