How is a unit trust price?
The major difference between unit trusts and OEICs is the way they’re priced. Unit trusts quote a bid price and an offer price; OEICs only quote one price. It’s usually based on the bid price of the underlying securities held by the fund. The offer price is the per-unit price you will pay to purchase units in the fund.
Which is better ETF or unit trust?
Ultimately, an ETF offers diversified exposure to a particular asset class at a low cost, and Unit Trusts still can achieve the exposure, but at a high cost. Unit Trusts are better suited to help an investor get exposure to a particular market niche where more liquid and cost-effective products are not available.
Does liberty own STANLIB?
STANLIB is a South African asset manager based in Melrose Arch, Johannesburg which is a wholly owned subsidiary of JSE-listed Liberty Holdings Limited.
What is trustee fee?
Trustee Fee. The annual trustee fee is a fee paid to the Trustee for the custodial management and administration of a Fund’s assets such as transaction settlement, custody and administration costs amongst others.
Is there a unit trust fund for STANLIB?
Whether you are growing your capital or drawing an income from your investment, STANLIB has a unit trust fund for you.
What can a unit trust do for You?
Unit trusts may be designed to grow capital or return income or both. STANLIB’s retail fund range focuses on the needs of our investors, providing sufficient choice without complexity. Whether you are growing your capital or drawing an income from your investment, STANLIB has a unit trust fund for you.
Why did STANLIB change their name to multi strategy?
Whether you are growing or preserving your capital, or drawing an income from your investment, STANLIB has a fund for you. The STANLIB Absolute returns team are changing their name to Multi-Strategy to reflect the broadening of their offering and capability.
How is the price of a unit trust determined?
The price of each unit is determined by the value of the assets within the fund at a point in time and an investor would expect the price to increase over time as the assets within the fund grow in value. All investments in a unit trust are valued at a set time every day and a unit price created.