Thursday, February 14, 2008

Unit Trust: More About It

Unit Trust: Glossary Part 1

What is TRUST DEED?

A legal document for Unit Trust that have details and structure the way in which the whole structure of the fund operates. (I'll explain later in more simpler version, i promise!)

What is TRUSTEE?

3rd party institution that been appointed to manage the operation of the TRUST DEED of the funds.

The most INTERESTING Definition are:-

  • What is CAPITAL GAINS FOR UNIT TRUST?

Returns that we can get from PRICE increase

  • What is DIVIDEND FOR UNIT TRUST?

Returns Made by Fund Manager (what and who is Fund Manager?

Please refers my 1st post) and distributed to the Unit holder in RINGGIT!!!

  • What is BONUS FOR UNIT TRUST?

Returns also Made by Fund Manager and distributed in ADDITIONAL UNIT.

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