I guess most investors also having experience of buying unit trusts (aka mutual fund) or may be having unit trust in their portfolio at certain point of their investing life. Depending on situation, some may have bitter experience and few lucky one may have made money from their investment in unit trusts. Quoted below from Investopedia : What is a 'Mutual Fund' : A mutual fund is an investment vehicle made up of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Mutual funds are operated by money managers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus...

...