Introduction

Legal Structuring of Funds

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With Unit Trusts The Fund is a separate entity in which units are issued to investors. With Investment Companies The Fund is a company is which shares are issued to investors. The different forms make a difference to how a fund is accounted for. The investment holdings in Unit Trusts are the focus of accounting and valuation. The whole entity in the company form is owned by investors. The Accounting and valuation is of the company and its shares.

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