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Text File  |  1992-09-01  |  504b  |  13 lines
  1. A company that invests its clients' funds in
  2. other companies. The units it issues
  3. represent holdings of shares, which means
  4. unit shareholders have a wider spread of
  5. capital than if they bought shares on the
  6. stock market. Unit trusts appeal to the small
  7. investor, and in recent years, business
  8. generated by them has increased rapidly. Many
  9. unit trusts specialize in a geographical
  10. region or particular type of industry, using
  11. their expertise more effectively than if they
  12. were to make random investments.
  13.