A Unit Trust fund is a collective investment scheme that pools money together from many investors who share the same financial objective, to be managed by a group of professional managers who invest the pooled money in investments such as shares, bonds and other investments.
Collective Investment Schemes are arrangements made or offered by a company under which the contributions or payments made by the investors are pooled and invested to receive profits, income, produce or property, and the pool is managed on behalf of the investors by a professional manager. The manager uses the money to buy stocks, bonds, or other securities according to specific investment objectives that have been established for the pool.
Unit Trust funds Benefits.
The unit trusts include: