Investment trust
A vehicle that pools the funds of its investors and invests them in a diversified portfolio of securities, typically close ended and tradable on a stock exchange.
This one is not written up yet
The definition above is the short version. A full explanation — how it works, a worked example and the exam traps — is still being written. In the meantime the chapter below covers it in context.
Written up from the same chapter
Where this is taught
Free preparation for NISM Series II-B← All terms