Mutual Fund
From Reuters Financial Glossary
(Redirected from Unit trust)
Synonym: Unit trust
An open-ended investment trust or unit trust, which pools together funds from many investors to establish a diversified portfolio of investments. After the initial public offering, the fund continues to both sell and redeem its shares, according to demand from the public. It invests contributions from the public in various securities and pays dividends in proportion to the investors' holdings.
See also: Investment Fund
