Financial Glossary: U

Underperformance

An investment that does not grow as fast as other similar investments.

Underwriter

An investor or institution who/that agrees to take up the unsubscribed shares should there prove to be little demand by investors, when a new issue of shares or securities takes place. Underwriters will receive a handsome fee for taking on this risk.

Unit trust

A unit trust is a mutual fund or collective investment that pools investors' cash and invests it on their behalf. It is the role of the unit trust manager to make sure that the money is invested properly and delivers the best return for the investors.

Unlisted investments

These are investments in companies which are not quoted on any Stock Exchange. Also known as unquoted investments.

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