A unit trust is a collective investment scheme in which investors' contributions are pooled together to purchase a portfolio of financial securities, such as equities (shares), bonds, cash, bank deposits etc. The portfolio is managed by professional fund managers. Each unit trust fund or portfolio has a specific investment objective - income, growth or a combination of the two. The investment objective of a particular unit trust will determine the proportion of the fund invested in a particular security such as company shares.
The price of shares and the income there from the collective investment scheme pays dividends may go down as well as up. Investors are reminded that in certain specified circumstances their right to redeem their shares may be suspended.
Stanbic Unit Trust Funds are approved by the Capital Markets Authority. The Authority does not take responsibility for the financial soundness of the scheme or for the correctness of any statements made or opinions expressed in this regard. The terms and conditions of investment with respect to Stanbic Unit Trust Funds are governed by duly registered Information Memorandum and Trust Deeds.
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