The very first unit trust was launched by M&G in 1931. At approaching 90 years old, they have a history to be proud of. As a portfolio manager that builds models using collective investments, unit trusts are pretty central to our business and there is hardly a day goes by when we do not interview a unit trust manager. Discounting income and accumulation shares, and different classes due to charging structures, there are over 3,000 / Open Ended Investment Companies on offer which collectively have in excess of £1.3 trillion of assets under management. Unit trusts are still being launched, so they are still obviously considered a suitable home for capital and relevant for investors and fund managers alike – after all, in the world we live in today, if they weren’t considered appropriate, why would they pass scrutiny from a product committee, compliance department, marketing and sales teams?
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6th July 2020