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Glossary > U > "Unit investment trust" Definition

Unit investment trust

Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.

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Unit investment trust - Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.

Unit investment trust : money invested in a portfolio whose composition is fixed for the life of the fund. shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.