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The Epic Interactive Encyclopedia 1998
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Epic Interactive Encyclopedia, The - 1998 Edition (1998)(Epic Marketing).iso
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Unit_trust
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INFOTEXT
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1992-09-01
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504b
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13 lines
A company that invests its clients' funds in
other companies. The units it issues
represent holdings of shares, which means
unit shareholders have a wider spread of
capital than if they bought shares on the
stock market. Unit trusts appeal to the small
investor, and in recent years, business
generated by them has increased rapidly. Many
unit trusts specialize in a geographical
region or particular type of industry, using
their expertise more effectively than if they
were to make random investments.