Unit Trust (Noun)
Meaning
A regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities; "you can invest in a unit investment trust for as little as $1000".
Classification
Nouns denoting groupings of people or objects.
Examples
- Investors can purchase units in a unit trust with a relatively small amount of money, making it accessible to a wide range of people.
- A unit trust is a type of investment vehicle that pools money from many investors to invest in a diversified portfolio of stocks, bonds, and other securities.
- The unit trust is managed by a team of experienced professionals who make investment decisions on behalf of the unit holders.
- You can invest in a unit investment trust for as little as $1000, making it an attractive option for those who want to start investing with a small amount of money.
- The unit trust offers a convenient way for individuals to invest in a broad range of assets, without having to purchase each security individually.