Unit type

By | 2017-09-14T09:55:21+00:00 14th September 2017|

Units in a mutual fund can be either an ‘accumulation’ unit, where income is not distributed to investors but instead retained within a fund (so increasing the value of each unit but leaving the number of units held unchanged), or a ‘distribution unit’, where income will be paid to investors on set dates relating to the financial year of the unit trust.