Unit Trusts
These are investment packaging, not direct investments.
Unit Trusts are funds that are divided into units, where each unit represents a fair proportion of the fund. To help cover expenses there is normally around 5% difference (spread) between the price that investors pay for units, and the price at which they sell them back.
A Unit Trust can be set up to invest in pretty well any area it likes, so it is very important that you understand the investment strategy being pursed by the managers.
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