Unit Trust Scheme
Definition
What is Unit Trust Scheme?
A pooled investmentAn asset or commitment of money made with the expectation of future income, growth, or both. scheme constituted as a trust and divided into units.
Example in practice
How This Looks in Practice
A Nigerian money market fundA mutual fund that invests mainly in short-term, relatively liquid instruments such as treasury bills and deposits. may operate as a unit trustA pooled investment constituted under a trust deed, with units held for beneficiaries. scheme.
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Related Terms
Nigerian Exchange
Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
Nigeria InvestingNGX All-Share Index
A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.