Personal Finance Apprentice

Investing in UITF and Mutual Funds: 5 Things You Need to Know

A personal finance blog about using financial literacy to build a better future. It gives tips on saving, banking, and investing.

Investing in UITF and Mutual Funds: 5 Things You Need to Know

I’ve written about UITFs and Mutual funds before. But when it comes to investing, I don’t think you can ever be too informed. And today we have guest blogger Zarj from Security Bank to tell us the essential things about UITFs and MFs.

If you are looking for medium to long term investments, you might encounter Mutual Funds and Unit Investment Trust Funds (UITF) in your research. Both are collective investment schemes offered to investors.

Investment companies typically create a collective scheme from money pooled together from their investors and invest the fund in order to achieve a specific investment objective. Although MFs and UITFs have similarities, they have significant differences as well that may help you decide which one would be a better option for you.

Below is a list of things you need to know about MFs and UITFs.

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