The Basics (Introduction to unit trust)A unit trust fund is a collective investment scheme, which pools the savings of investors with similar investment objectives in a special "trust" fund managed by professional fund managers. The fund will then be invested in a diversified portfolio of equities, fixed income securities and other assets in accordance with the fund's investment objectives and as permitted under the SC's Guidelines on Unit Trust Funds. The organisation of a unit trust fund is a tripartite relationship between the manager, the trustee and the unitholders. The obligations and rights of each of the three parties are specified in the Deed, a legal document drawn up by the manager and registered with the SC. The Deed is designed to govern the operations of the trust fund and protect the unitholders' interests. The manager is responsible for the management and operations of the trust fund whilst the trustee holds all the assets of the fund.
Mode of Operation (Governed By The Deed)
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