Unit Trusts
These are collective investments in which the pooled premiums go into a fund, which purchases a spread of assets.
These are usually Stock Exchange securities but can include other assets such as property.
The fund is divided into units of equal value, the price of which rises and falls depending upon the overall performance of the assets purchased by the fund.
Unit trusts differ in their investment media and their investment aims.
You can often recognise the investment media or aims of a unit trust from its brand name.