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Unit investment trust |
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Unit investment trustMoney 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 Similar MatchesStatutory investmentStatutory investmentAn investment that a trustee is authorized to make under state law. Investment bondInvestment bondA unit linked single premium whole life assurance policy. Part of the premium gives life cover whilst the balance is invested in unitised funds. Under certain circumstances, since the bond is a life policy, certain tax advantages may be enjoyed. For example if the capital and annual interest are reinvested in full, there is no immediate liability to higher rate tax. If the proceeds of the bond are subsequently taken when a former higher rate taxpayer has become a basic rate payer, there is no higher rate tax liability. InvestmentInvestmentThe buying of shares in individual companies or units in collective funds (unit trusts, OEICs etc) in order to earn income and to make a capital profit.The placing of money with banks and other financial institutions in order to earn interest.In the UK, the Financial Services Act 1986 defines investments to include shares, debentures and other securities such as government securities, certain options and warrants, unit trusts and other forms of collective investment schemes, futures contracts and some long term life insurance contracts. Passive investment strategyPassive investment strategySee: Passive investment management. Personal Investment AuthorityPersonal Investment AuthorityA Self Regulating Organisation (SRO) authorised by the Financial Services Authority (FSA) which regulates the majority of companies conducting investment business with private investors in the financial services market.The PIA replaced FIMBRA and LAUTRO and some activities of IMRO and the SFA in 1994.All regulatory functions of the PIA were taken over by the Financial Services Authority (FSA) in December 2001. Further Suggestionslocal authority investmentapproved investment trust Enterprise Investment Scheme Investment Advisers Act Association of Unit Trusts and Investment Funds Expected return on investment Registered investment company Investment management Recognised Investment Exchange Real Estate Investment Trust (REIT) return on investment investment grade Foreign portfolio investment Investment company protected investment products Zero investment portfolio Value Line investment survey investment company Reinvestment rate Target investment mix Foreign direct investment (FDI) Overinvestment Investment climate Registered investment adviser Trade and investment |
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