Unit Trust
/ˈjuːnɪt trʌst/
Definitions
- (n.) A collective investment scheme where investors’ funds are pooled into units managed by a trustee, commonly used in jurisdictions such as the UK and Hong Kong.
Investors purchased units in the unit trust to gain diversified exposure to the property market.
Forms
- unit trust
- unit trusts
Related terms
See also
Commentary
Unit trusts differ from other collective investment vehicles by holding assets in trust and issuing units rather than shares; precise regulation varies by jurisdiction.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.