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What is a unit trust?

April 26, 2017Trust

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What is a unit trust?

2 Answers

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A unit trust pools money from individual investors and is professionally managed by a fund manager. The funds are then invested in various assets like bonds, fixed income instruments and equities as provided for in the prospectus.

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A unit trust is a form of collective investment vehicle structured as a trust where investors’ contributions to the trust are pooled to enable those investors to participate in all the investments of the trust.