If you're thinking of investing in unit trusts, OEIC's and Investment trusts, seeking the advice of an independent financial adviser is highly recommended.
Unit trusts are open-ended collective investments in which the investor's holding comes in the form of units. Each unit represents a certain fraction of the value of the investment and is issued and bought back by the managers according to supply and demand. They are used in a variety of ways and across a range of financial products.
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This form of investment allows you to invest in a pooled fund run by a fund management company. Your investment is 'pooled' together with other investors' money and used to buy a wide selection of investments as allowed by the remit of the fund (for example, a cautious managed fund).
Thanks to our online search facility, it's never been easier to find a local IFA to offer guidance regarding unit trusts. Our database holds details of around 9,000 IFA locations - 91% of the market according to Datamonitor.
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