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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:
- Spread across industries and/or sectors
- 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.
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