U
Undeducted contributions: a term given to after-tax money which is invested in a superannuation fund.
Unit price: the price for each unit of a unit trust. This is calculated by dividing the value of the assets of the trust by the number of units on issue to investors.
Units: a share of a unit trust or managed fund which represents an entitlement to the asset within the fund.
Unit trust: an investment where a number of individuals place their money with a professional manager who manages the total fund on their behalf. Also known as a pooled investment or managed investment.
Unrealised capital gain: occurs when an investment increases in value but is not sold or realised.