Usually a pooled fund operated by a life assurance company or provider of investment products where the value of an investor's holding in the fund is represented by the number of units held multiplied by the unit price. See also with profits. Found on http://www.encyclo.co.uk/local/20211
Usually a pooled fund operated by a life assurance company or provider of investment products where the value of an investor's holding in the fund is represented by the number of units held multiplied by the unit price. See also with profits.