Unitholder

A unitholder is an individual or entity that owns units in a unit trust. Unitholders are entitled to receive a share of the trust's net income and capital gains, as well as to vote on certain matters affecting the trust.

Unitholders can be either retail or institutional investors. Retail investors are typically individuals who invest in unit trusts through their superannuation funds or other financial advisers. Institutional investors are typically large organisations, such as banks, insurance companies, and pension funds, that invest in unit trusts on behalf of their clients.

Unitholders have a number of rights and responsibilities. These include the right to receive a share of the trust's net income and capital gains, the right to vote on certain matters affecting the trust, and the right to withdraw their units from the trust. Unitholders also have a responsibility to pay their share of the trust's expenses and to comply with the trust's rules and regulations.

Unit trusts can be a good investment for individuals and institutions who are looking for a diversified investment that offers the potential for capital growth and income. However, it is important to understand the risks involved before investing in a unit trust. These risks include the risk of the trust's investments losing value, the risk of the trust's management fees being too high, and the risk of the trust being wound up.

If you are considering investing in a unit trust, it is important to do your research and to speak to a financial adviser before making a decision.