What is unit trust?

A unit trust is a type of investment fund that pools money from multiple investors to invest in a diversified portfolio of assets, such as stocks, bonds, or real estate. The fund is managed by a professional fund manager who makes investment decisions on behalf of the investors. Investors in a unit trust own units of the fund, which represent their share of the total assets held by the fund. Unit trusts are a popular investment option for individuals looking to diversify their portfolio and access professional investment management.