Sunday, January 2, 2011

Investment Trust

An investment trust is a type of collective investment vehicle or fund entity that takes the form of a unitised trust. It is roughly equivalent of a mutual fund, but is structured as a trust, and like a mutual fund has shares or 'units'. As with most fund entities it can be set up to invest in a range of assets such as stocks and bonds. It also has an NAV, and a buy/sell price for withdrawing and depositing.

Synonyms: Unit trust, Collective investment vehicle, Fund structure, Investment fund

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