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The Financial Management of Unit Trust and Investment Companies

Published online by Cambridge University Press:  10 June 2011

S.J.B. Mehta ,
M.G. Abbott ,
D.T. Addison ,
M. Dodhia ,
C.J. Hitchen ,
A.J. Oddie ,
M.R. Poulding  and
D.M. Riddington
S.J.B. Mehta
Affiliation:
43 Fairhazel Gardens, London NW6 3QN, U.K. Tel: +44 (0)20 7372 6335; E-mail: shyam.mehta@bnpparibas.com
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Abstract

The paper describes the application of actuarial techniques to the financial management of unit trusts and other collective investment schemes. The main features of collective investment schemes are described and the financial issues facing managers of these schemes are highlighted. The unit trust industry in particular is facing a number of potentially significant changes and the paper explores the areas in which the actuarial profession can add value to this industry.

Keywords

Collective Investment SchemesUnit TrustsInvestment TrustsOpen Ended Investment CompaniesDerivativesFinancial ManagementProfit TestEmbedded ValueAppraisal ValueInvestment Modelling
Type
Sessional meetings: papers and abstracts of discussions
Information
British Actuarial Journal , Volume 2 , Issue 5 , 01 December 1996 , pp. 1195 - 1253
Copyright
Copyright © Institute and Faculty of Actuaries 1996

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References

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