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Licensed unit trusts hit 55 on rising investor interest
Unit trusts/collective investment schemes have proved to be popular investment vehicles, especially among individual investors, due to advantages, including ease of entry and a low minimum investment requirement.
The number of licensed unit trusts or collective investment schemes grew by 19 last year to hit 55 on the back of rising retail investor interest.
In a unit trust, investors’ funds are pooled and used to invest in a portfolio of securities and other financial assets. The beneficial interest in these assets is divided into units, which represent the investors’ ownership stake in the trust.
