A big bite! Try this one for size.
Question: what are unit trusts?
Answer: unit trusts are essentially structures where assets are held and administered by the trustee upon trust for the holders of units in the unit trust fund. The entitlement of unitholders to income and capital from the trust fund is dependent solely upon the number of units held by them.
Question: why should I use a unit trust?
Answer: unitholders are entitled to distributions of capital and income made by the trustee in accordance with the terms of the trust deed in proportion to the number of units held by them. There is not the same regulation with unit trusts as there is with shares in private companies.
