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investment trust
(redirected from Split capital investment trust)

    Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

investment trust

 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.
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INVESTMENT group Aberdeen Asset Management are in the red after paying out pounds 50million to disgruntled clients over losses in the split capital investment trusts collapse six years ago.
pounds 50m payout firm in the red by Daily Record (Glasgow, Scotland)
Byline: Nicky Burridge THE City watchdog yesterday said it had extended its investigation into allegations of collusion between split capital investment trusts to cover 21 different firms.
Trusts probe takes in 21companies by Daily Post (Liverpool, England)
I AM pleased to say that a unit trust is a very different type of investment from a split capital investment trust and you are not in this category.
MONEYBOX; LESLEY COLLINS, head of Independent Women Financial ... by Sunday Mail (Glasgow, Scotland)
 
 
 
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