Who is responsible for the daily pricing of units in an Authorised Unit Trust?

• A. Authorised Manager
• B. Trustee
• C. Depositary
• D. Auditor

Answer: (A)

Daily pricing of units in an Authorised Unit Trust is driven by the fund’s net asset value per unit. The Authorised Manager is responsible for calculating and publishing that price, since they oversee the fund’s valuation process (often using a pricing administrator to help with the actual calculation). The Trustee holds the assets on trust but does not set prices, the Depositary safekeeps assets and monitors cash flows, and the Auditor checks the financial statements. So, the day-to-day pricing responsibility lies with the Authorised Manager.