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Brian Mengel,
Civil Servant
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The Unit coordinates the notification and approval process for the Trusts and can provide access to sources of training and research guidance.
Unit trusts are regulated by law and must be approved by the Ministry of Commerce before they can be promoted to the public.
If unit trusts are used, they need to charge relatively high management fees to cover the overhead of issuing and redeeming units all the time.
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John Fielding,
CEO
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Mutual funds are trusts or corporations that sell shares or units to investors so they can pool their funds, usually to buy stocks or bonds.
Unit trusts and OEICs are taxed in the same way as the underlying investments which the fund holds, whether cash, corporate bonds or shares.
Different unit trusts invest in different assets, and the value or price of the units reflect the underlying value of the overall investment portfolio.
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Dave Simons,
Internet Entrepeneur
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This is a company that offers a multitude of unit trusts and investments offered by various management companies.
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Dan Toomey,
Computer Salesman
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Most unit trusts currently operate a dual pricing system, but some already apply the swinging single pricing method.
Unit trusts quote two prices: the offer price and the bid price, each of which is calculated according to a SIB formula.
Units of these trusts may be purchased through their registered representatives.
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Craig Leveaux,
Blogger
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Chan bought unit trusts with her savings and was feeling very happy about it.
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Bob Greenberg,
Congressional Candidate
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OEICs and unit trusts are essentially the same except for differences in their legal constitution.
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