Financial Glossary what is association-of-unit-trusts-and-investment-funds


Association Of Unit Trusts And Investment Funds

"A trade association formed in 1959, known then as the Unit Trust Association, to represent the interests of unit trusts and mutual funds. The Association was renamed AUTIF in April 1993 and merged with the Fund Manager's Association in February 2002 to form the Investment Management Association (IMA), a trade body for the UK's #2,000bn asset management industry. Its stated objectives are: to make representations to the UK Government on legislative, regulatory and taxation matters
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