What is trustee fee in unit trust?

What is trustee fee in unit trust?

The trustee fee is charged by the trustee for providing custodian services for safekeeping the fund’s assets. The management fee usually ranges from 0.5% to 2% and the trustee fee usually ranges from 0.1% to 0.15%. The NAV per unit announced by the fund management companies are net of management fees and trustee fees.

What are the types of unit trust?

Types of Unit Trust

  • Balanced Funds.
  • Equity Funds.
  • Exchange Traded Funds (ETF)
  • Fixed Income Funds.
  • Index Funds.
  • International Equity Funds.
  • Money Market Funds.
  • Real Estate Investment Trusts (REITS)

How many trustees can a unit trust have?

A is known as the trustee and is the legal owner of the property which is held on trust for the beneficiary B. The trustee can be an individual, group of individuals or a company. There can be more than one trustee and there can be more than one beneficiary.

Can a trustee be a beneficiary of a unit trust?

A trust beneficiary can be a person, a company or the trustee of another trust. The trustee may also be a beneficiary, but not the sole beneficiary unless there is more than one trustee.

Who is the beneficiary of a unit trust?

A unit trust is an unincorporated mutual fund structure that allows funds to hold assets and provide profits that go straight to individual unit owners instead of reinvesting them back into the fund. The investment fund is set up under a trust deed. The investor is effectively the beneficiary under the trust.

Who is the manager of a unit trust?

Unsourced material may be challenged and removed. A unit trust is a form of collective investment constituted under a trust deed. A unit trust pools investors’ money into a single fund, which is managed by a fund manager.

Can a company be the trustee of a trust?

One method to do this is to trade through a Unit Trust which has a company as the trustee. This is called a ‘Unit Trust with a corporate trustee’. It is a low cost and very effective way of carrying out asset protection. The Unit Trust is a common business structure where more than one family is involved.

How does a unit trust work in Singapore?

How it works In Singapore, local and foreign funds offered to retail investors are regulated as collective investment schemes. A fund manager manages the unit trust or fund. They are paid a management fee from the fund, typically based on a percentage of the assets they manage.

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