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WHAT ARE UNIT TRUSTS? HOW UNIT TRUSTS WORK? A form of collective investments that allow investors with similar investment objectives to pool their savings which are then invested in a portfolio of shares or other assets managed by professional fund managers. Unit Trusts are usually managed by financial institutions referred to as Unit Trust Management Companies (UTMCs). UTMCs are authorised to issue or offer for purchase of units of a unit trust scheme. All UTMCs are legally required to issue a prospectus and you are advised to read the prospectus to identify the type of fund that best suits your investment goals. A Unit Trust Prospectus is a document that describes a fund for potential investors. It tells you how and what the fund will invest in, its potential risk and other material information such as the fund’s Net Asset Value (NAV). NAV is the total value of the fund. It is generally calculated daily and reflected in the per-unit price of the fund. Savings and investments have different characteristics that can help you gain financial independence. Ideally, a healthy financial portfolio contains both savings and investments to support your goals at different stages in life. Investments are commitments of funds to one or more assets that will be held over some future time period, with the hope that they will generate more income. Savings is a portion of current income that is being put aside for future use, or the flow of resources accumulated in this manner over a given period of time. It may take the form of increases in bank deposits, purchases of securities, or increased cash holdings. Understand more on the Unit Trust Schemes from FIMM (The Federation of Investment Managers Malaysia): https://www.fimm.com.my/investors/understanding-investing/understanding-unit-trust-schemes/
August 30 2024, 00:08:00
Meet Mr Lye Wei Ling, a seasoned strategic financial adviser with a proven track record of guiding clients to financial freedom through smart and tailored investment strategies. With deep expertise in investment management, Wei Ling helps clients navigate the complexities of the financial world by focusing on three core principles:
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