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Whipsaw Glossary

Currently viewing the definition of: Unit Trusts
 
 
 A unit trust is a collective investment whereby investors' monies are pooled so the trust can purchase a broad range of investments based on its aims and objectives. Investment into the trust can usually be made with a lunp sum or on a regular basis. Unit Trusts are open ended. This means there are not a limited number of units in issue, if demand increases then so does the number of units. 
 


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    • Foreign Exchange Risk
      Foreign exchange risk arises when a financial institution holds assets and liabilities in a currency other than its base currency. The institution is therefore at risk to movements in either the spot or forward exchange rate.