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FINANCIAL
GLOSSARY : U
Underperformance
An investment that
does not grow as fast as other similar investments.
Underwriter
An investor or institution
who/that agrees to take up the unsubscribed shares should there prove
to be little demand by investors, when a new issue of shares or securities
takes place. Underwriters will receive a handsome fee for taking on
this risk.
Unit trust
A unit trust is
a mutual fund or collective investment that pools investors' cash and
invests it on their behalf. It is the role of the unit trust manager
to make sure that the money is invested properly and delivers the best
return for the investors.
Unlisted
investments
These are investments
in companies which are not quoted on any Stock Exchange. Also known
as unquoted investments.
