Funds Glossary
Not sure about the terminology? This is the place to find out what everything means.
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Accumulation Units
Units in a unit trust which do not pay income to the investor but which instead redistribute dividend income from the underlying investments back into the capital value of the units.
Actively Managed Funds
Funds where the Manager uses his professional judgement to decide which funds to buy and sell, whilst seeking to out-perform the relevant benchmark.
Annual Management Charge
A charge levied by the Fund Manager to cover the cost of investment management and administration, usually for unit trusts and OEICs
