English version

unit trust

From Longman Dictionary of Contemporary English
Related topics: Stocks & shares
unit trustˈunit ˌtrust noun [countable]  British EnglishBFS a company through which you can buy shares in many different businesses syn mutual fund American English
Examples from the Corpus
unit trustThe best way to invest in a portfolio of international bonds is through a managed fund, such as a unit trust.It is like buying a unit trust, you buy units in the fund.Sharemarket also operates a unit trust discount service for investors who have made up their own minds.The best performing unit trust over that period would have produced £9,481.
From Longman Business Dictionaryunit trustˈunit ˌtrust [countable] British EnglishFINANCE a company that invests money in stocks and shares of many different businesses for small investors SYN mutual fund AmEThe best way to invest in a portfolio of international bonds is through a managed fund, such as a unit trust. trust
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