Unit Trusts Flashcards
1
Q
Unit trusts
A
Legally a trust , requires trust deed
2
Q
Unit Trust Manager
A
Marketing of funds
Dealer of fund
Priced by manager
3
Q
Trustee
A
Legal owner of assets
Units are created by trustee
4
Q
Unit trusts listed on stock exchange
A
no they aren’t
5
Q
Unit value
A
Equlivant to no of shares bought + sold by company
