Also called a unit trust, it's an entity that invests the money of a pool of people in various securities
The 
assets of an investment fund or unit trust may include equities, fixed interest 
securities or ... to its shareholders in proportion to their existing shareholdings, it 
is called a ... a professional fund manager collects money from investors and 
pools it... [DOC] [TLE] Nice-to-know: Introduction to Unit Trusts - PSG [PAR] The unit holders of a unit trust are its owners and share in the fund's gains, ... that 
a unit trust affords the investor is derived from the way in which these entities are 
linked.