The Effect of Ultimate Ownership on Unit Trust Performance

2004 ◽  
Author(s):  
Yoshikatsu Shinozawa
Keyword(s):  
Ultimate Ownership ◽  
Unit Trust

An overview of unit trust funds in Malaysia

2018 ◽  
Vol 4 (3) ◽  
pp. 117-123 ◽  
Author(s):  
Norazlina Ripain ◽  
Nurul Wajhi Ahmad
Keyword(s):  
Trust Funds ◽  
Unit Trust

scholarly journals Review of Mutual Funds Investment in India

2021 ◽  
Vol 12 (2) ◽  
pp. 1326-1330
Author(s):  
Govindappa Mani, Et. al.
Keyword(s):  
Mutual Funds ◽  
Institutional Investors ◽  
Unit Trust

The Indian mutual fund's industry, which started its excursion with the foundation of the Unit Trust of India in 1964, has seen unobtrusive development lately. There has been developing both regarding AUM just as the assortment of items advertised. As on December 2015, the investors in India have a choice to look over in excess of 1,000 of mutual funds plans spread across 44 fund houses with a complete AUM estimation of '13.46 lakh crores. The passage of unfamiliar players has prompted the presentation of an assortment of inventive items to suit the developing necessities of Indian investors. The Indian mutual fund's industry was discovered to be overwhelmed by institutional investors.

scholarly journals Internalization of Intrinsic Value of Trust in Financial Accountability: A Study of Subak Jatiluwih Bali Indonesia

2018 ◽  
Vol 12 (1) ◽  
pp. 99
Author(s):  
I Gede Sanica ◽  
Luh Putu Wiagustini ◽  
I.B Panji Sedana ◽  
Ni Luh Gede Sri Artini
Keyword(s):  
Organizational Performance ◽  
Intrinsic Value ◽  
Traditional Values ◽  
New Paradigm ◽  
Bottom Line ◽  
Financial Accountability ◽  
The Social ◽  
Unit Trust ◽  
Real Truth ◽  
Financial Transactions

The objective of this research is to disclose more deeply the influence of the intrinsic elements, namely, trust in the financial accountability of Subak Jatiluwih. This research applied ethno-methodological method seeking to understand and capture phenomenon through observations in the form of non-quantitative data and observing the phenomenon until the real truth is revealed. Validation and legality of data in qualitative research was carried out using triangulation techniques. The results of the study show a new paradigm in financial accountability as in the triple bottom line that the reporting of organizational performance is not just reporting financial transactions but also integrating social and natural environment. This is in line with the principles of Tri Hita Karana recognizing three elements namely parhyangan, pawongan and palemahan which aim at forming harmonization, harmony and togetherness, as an integral and inseparable unit. Trust is the most important element in the social system because the behavior of members in society is strongly influenced by what they believe and what is known as the truth, religious system and the ways of worshiping God Almighty. Trust is a statement about things that are accepted as genuine truth that are used as guidelines for activities to achieve a goal. Elements of trust oriented to traditional values in Subak are realized in various religious ceremonies. The substance of trust in Subak is not only related to trust in Subak management or bonding concept, but also trust with other stakeholders through bridging and linking in social capital concept.

The treatment of Austrian private foundations under the Ultimate Beneficial Ownership Act

2019 ◽  
Vol 25 (6) ◽  
pp. 650-655
Author(s):  
Michael Petritz ◽  
Cordula Horkel-Wytrzens
Keyword(s):  
Money Laundering ◽  
Terrorist Financing ◽  
Private Foundations ◽  
Ultimate Ownership ◽  
Natural Person ◽  
Key Factor ◽  
Beneficial Ownership ◽  
Breach Of Duty ◽  
And Control

Abstract As part of the implementation of the fourth Anti-Money Laundering Directive in Austria, the Wirtschaftliche Eigentümer Register Gesetz, (The Ultimate Beneficial Owner Register Act) was introduced. The main aim of this Act is to provide accurate and up-to-date information on the ultimate beneficial owner (UBO) of entities, trusts, and foundations. This information is seen as a key factor in combating money laundering and terrorist financing. Paragraph 2 of the Ultimate Beneficial Ownership Act defines the UBO, which corresponds to the definition in paragraph 3 subparagraph 6 of the Anti-Money Laundering Directive. In the case of corporate entities, ultimate ownership and control are relevant for determining the UBO. In the case of trusts and private foundations, it is not ownership and control that are relevant for determining the UBO, but the function the person has with respect to the trust/foundation. All definitions have in common that the UBO has to be a natural person. Obliged entities are required to identify and report their UBOs to the register, in the case of a breach of duty/law severe penalties apply.

Mastershares: A Bonanza for Large Investors

1991 ◽  
Vol 16 (1) ◽  
pp. 29-34 ◽  
Author(s):  
Samir K Barua ◽  
Jayanth R Varma
Keyword(s):  
Mutual Fund ◽  
Point Of View ◽  
Small Investors ◽  
Funds Management ◽  
Points Of View ◽  
Unit Trust ◽  
Diversified Portfolio

What is the performance of Mastershares the first all-equity, closed-end growth fund launched in 1986 by the Unit Trust of India — from the points of view of funds management, large investors and small investors? Samir K Barua and Jayanth R Varma examine this aspect using various portfolio measures suggested in the literature. According to them, from the perspective of funds management, Mastershares has outperformed the market. Its performance from the point of view of large investors holding Mastershares only as part of a diversified portfolio has also been excellent. However, from the point of view of investors who choose Mastershares as the principal vehicle for investment in equity, its performance is mediocre. Since most small investors are likely to be in this category and any mutual fund such as Mastershares ought to serve small investors, its inadequate performance is a matter of concern.

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