unitized fund

Definition

A fund that is sold in "units" specified by a fund manager, rather than shares of fund-managed assets. This may be done to provide quicker fund transactions, or to enable flexibility in the management of underlying funds without affecting investor value.

Use unitized fund in a sentence

You may want to try and invest in a unitized fund if you feel that it has a very good earning potential.

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The unitized fund that was being offered was a very smart way to provide for all the essentials necessary for the future.

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Some brokers find that a "unitized fund" can often be a more agile and faster way to deal with the changes that can happen in certain underlying funds.

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Unitized Endowment Pool (UEP) unit-linked insurance