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What are Unit Trust and Open Ended Investment companies?

April 26, 2017companies ended Investment Trust

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What are Unit Trust and Open Ended Investment companies?

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UTs and OEICs are pooled funds of investors’ money, which are used to buy a range of shares, gilts, bonds or cash deposits. Both UTs and OEICs are open-ended funds, meaning that the size of each fund can vary according to supply and demand.