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Funds, unit trusts, investment trusts and Oeics

Funds are collective investment schemes that pool investments to invest in a range of cash, shares, bonds or other assets. Individual investors buy units or shares, depending on whether the fund is a unit trust or an open ended investment company (Oeic), which entitle them to a share in the overall performance of the fund.

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By Financial Times,
08 November 2010

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