Unit Trusts Clause Samples
The 'Unit Trusts' clause defines the rules and framework governing the establishment and operation of unit trusts within an agreement. It typically outlines how assets are held in trust for the benefit of unit holders, the rights and obligations of those unit holders, and the responsibilities of the trustee in managing the trust. For example, it may specify how units are issued, transferred, or redeemed, and how income or capital distributions are made to unit holders. The core function of this clause is to ensure clarity and legal certainty regarding the management and administration of unit trusts, thereby protecting the interests of all parties involved.
Unit Trusts. Unit trusts are not bank deposits or obligations of or guaranteed by us, or any of our Affiliates. A unit trust is a pool of money managed collectively by a fund manager who invests in a portfolio of assets to achieve certain investment objectives. Unit trusts are naturally subject to investment risks including the possible loss of the principal amount invested. The value of units and the income from any unit trust may fall as well as rise and cannot be guaranteed. Past performance of a unit trust is not necessarily indicative of the future performance of that unit trust.