Financial Dictionary.
This is a browseable and searchable reference tool for terminology
relating to UK-based personal finance and financial products.
You can browse alphabetically, or search for a specific term.
Unit Trust
Definition: A common and well-known type of unit linked fund. Unit Trusts can be general or specialised in nature, enabling investors to invest small amounts into specific investment sectors and benefit from professional management of the underlying investments. The Unit Trust is divided into a number of units, each of which represents a small percentage of the underlying investment portfolio, and the value of units can rise and fall in line with the underlying investment value. Unlike closed-end funds, Unit Trusts can issue new units whenever they receive fresh inflows of investor's money. Chargewise, they typically levy an Annual Management Charge, along with a Bid / Offer Spread. Unit Trusts are mainly a UK phenomenon, due to the fact that Trust Law is not recognised in most non-UK jurisdictions. See also OEICs.
Recent Financial Topics
In a vote of confidence in the City and Brexit Britain, Evangelos Mytilineos threw his weight behind the capital's long-term prospects.
Greek energy tycoon hails London as premier financial hub in Europe
26/04/2024 04:54 PM
Daniel Kretinsky has snapped up a slice of Thyssenkrupp's steel unit for an undisclosed sum.
Czech billionaire trying to buy Royal Mail takes 20% stake in German steel business
26/04/2024 04:53 PM
The FTSE 250 cybersecurity firm backed a 620p per share offer - valuing it at £4.25billion - from US private equity group Thoma Bravo.
Darktrace takeover lands Mike Lynch £300m and chief Poppy Gustafsson gets £24m in private equity deal
26/04/2024 04:52 PM