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Hot Tip # 1: An equity fund invests solely in company shares Hot Tip # 2: To understand the different fund sectors, split the description into separate parts. For example think of 'Diversified Growth Unit Trusts' as: Diversified - Spread across industries and/or sectors Growth - Focused on capital growth as opposed to income Unit trusts - essentially a generic managed fund
Therefore a 'Diversified Growth Unit Trust' is a managed fund that spreads its investments across industries or sectors and aims to earn its returns from capital growth.
Other useful links include:
Gifs, Superannuation, Defensive, Balanced, Ins Bond, KiwiSaver
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