Unit Trusts are investments whereby private investors can obtain professional management for a wide variety of investments.
There is usually a difference between the buying and selling price (typically 5%) and an annual management charge (typically 1%).
There are many Unit Trust funds covering all part of the world and investment scenarios. Some Unit Trust companies are converting to OEICs (Open Ended Investment Companies) which will only have one quoted price. You can either invest a lump sum or on a regular savings plan basis.
This type of investment is regulated by the FSA.
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