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Is there any difference between a company and the Umoja Fund?

April 26, 2017COMPANY difference fund umoja

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Is there any difference between a company and the Umoja Fund?

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Yes, there is a significant difference between a company and a unit trust scheme. For one, a company is an investment vehicle in which once an investor has acquired shares, the company can not buy the shares back. Investors can only get back their money by selling shares to another investor. The UmoJa Fund is an open ended investment vehicle in which the scheme can buy back its units from investors.