In investing, what is a UTF?

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  • John W
    Lv 7
    1 decade ago
    Favorite Answer

    Maybe it's the Unidentified Traded Fund for the true Contrarian Investor (I'm poking fun at UFO's).

    Could it be because the stock symbol for the Cohen & Steers Infrastructure Fund is UTF ?

  • 1 decade ago

    Unit trust funds (UTF) are a common type of CIS in Malaysia. Like what the name indicates, it is not incorporated as a company but as a trust where monies are collected from investors to be invested and managed for investors' benefits. The operations of the trust are governed by a Trust Deed, which effectively forms the constitution of the UTF and details the way in which the UTF operates. It is the trustee's responsibility to ensure that the unit trust management company (UTMC) complies with the Trust Deed. When investors invest in a UTF, they receive units in exchange for the monies; hence they are known as "unit holders" instead of shareholders like in a CEF.

  • 1 decade ago

    I know what an ETF is: it's an exchange traded fund. Think: mutual fund that can be bought and sold just like it's a stock.

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