Investment trusts are companies formed with the aim of managing a portfolio of investments They issue a fixed number of shares which investors can purchase and sell
A public limited company that makes investments into a variety of other companies Notwithstanding several important differences to unit trusts, these are also pooled stock market investment funds Unlike unit trusts they can take on debt that can amplify the underlying movements See Gearing
A closed-end fund regulated by the Investment Company Act of 1940 These funds have a fixed number of shares that are traded on the secondary markets, like corporate stock The market price may exceed the net asset value per share, in which case shares are selling at a premium When the market price falls below the (NAV)/share, shares are selling at a discount Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country These funds are usually listed on U S and foreign exchanges
or closed-end trust Financial organization that pools the funds of its shareholders and invests them in a diversified portfolio of securities. It differs from a mutual fund, which issues units representing diversified holdings rather than shares in the company itself. Investment trusts have a fixed number of shares for sale; their price depends on the market value of the underlying securities and on the demand for and supply of shares. The first modern investment trusts were formed in England and Scotland as early as 1860. Many early U.S. investment trusts failed with the collapse of the stock market in 1929, but others have since prospered under stricter federal regulation
Unlike a unit trust, which is 'open-ended', an investment trust is effectively a company which, for a management fee, invests the pooled money of small investors in securities for stated investment objectives An investment trust is 'closed-end' in that it has a fixed number of shares that are traded like stock, often on many different exchanges Visit the Flemings website for more details
A closed-end fund These funds have a fixed number of shares that are traded on the secondary markets, like corporate stock The market price may exceed the net asset value per share, in which case shares are selling at a premium When the market price falls below the (NAV)/share, shares are selling at a discount Many closed-end funds are of a specialized nature; the portfolio represents a particular industry or, country
A closed-end fund regulated by the Investment Company Act of 1940 These funds have a fixed number of shares which are traded on the secondary markets similarly to corporate stocks The market price may exceed the net asset value per share, in which case it is considered at a "premium " When the market price falls below the (N A V )/share, it is at a "discount " Many closed-end funds are of a specialized nature, with the portfolio representing a particular industry, country, etc These funds are usually listed on US and foreign exchanges
A type of investment vehicle whereby the trust sponsors put together a fixed/unmanaged portfolio of securities and then sell ownership units in the portfolio to individual investors; also called a unit investment trust
An investment trust is a company which invests in a spread of equities or fixed interest securities You can buy shares in the investment trust The shares are publicly quoted, and their price will vary according to the value of the underlying investments owned by the investment trust