an undivided share of the total portfolio of an investment fund. Units are issued by a management company and their value will fluctuate as the values of the securities comprising the portfolio fluctuate
[...] A management company may not charge any fees or costs on account of transactions relating to a unit trust’s units where some of a unit trust’s assets are invested in the units of another unit trust managed by the same management company or by any other company with which the management company is linked by common management or control, or by a substantial direct or indirect holding. [...]