M&G launched the first unit trust in 1931. They are a simple way to invest in stocks and shares and they relieve you of the potential problems associated with managing your own portfolio.
A large number of investors pool their money into a unit trust fund, which is spread across a wide number of shares, bonds or other investments (such as cash or property). This means that you can share the advantages of a large spread of investments, even though your investment maybe small, which helps to reduce your exposure to risk. You also benefit from the expertise of M&G’s highly rated fund managers.
Both unit trusts and OEICs are open-ended investments, so more shares or units can be issued or cancelled at any stage. However,