For some the word “Unit trust” seems to be so alien to them, but however with internet rising as a new form of communication; information are available to many by a click but however many people still do not truly understand how Unit trust works and are still taking risk to purchase it under the influence of sales person or some personal financial consultant. As an investor, understanding of the world of unit trust have to be there before making any investment decision; this article will provide you the basic information you need to know all about unit trust and further reading will be publish accordingly.
First of all, we have to understand who regulates the Unit trust industry, why is it so important for us? it is simple, when something went wrong or you are not satisfied with the service provided by your personal financial consultant you as a customer and investor have all the right to make a complain. Around the globe, unit trust are normally regulated by the Central bank of the country or sometimes it is by a regulatory body such as the security commission who are responsible to regulate the industry to ensure that all players abide by the law set forth by regulator. Thus for each and every unit trust company to be in the industry certain guidelines are to be meet which are too wide to be discuss here in this introduction page. Continue reading »