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Hariz Arthur Maloy
29 Mar 2019
Independent Financial Advisor at Promiseland Independent
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A unit trust fund pools money from investors to meet a specific financial objective. The manager of the fund then takes the money and invest it in various shares or bond. A mutual fund is similar to a unit trust however differing factor is the legal structure. A mutual fund issues redeemable shares while a unit trust can only issue units as it is not an investment company.
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Same same. Different countries call them different things.
I've only actually heard the term Unit Trust in Singapore.
Other countries like US, UK, India, Philippines, all call them Mutual Funds.