Do's and Don'ts of Choosing a Unit Trust Fund ;-)
Do
-Decide which type of unit trust fund meets your saving needs.
-Shop around for a reliable unit trust company.
-Check whether investment limits and frequency of income payments are suitable.
-Check past performance records.
Don't
-Don't choose any unit trust fund just because its performance was good. Instead, make sure the fund meets your risk appetite and financial goals.
-Don't pay too much attention to short term performance as good consistent performance over all periods is the best lead.
-Don't decide on a unit trust fund simply because it has low charges. Strong management of the fund is far more important.
-Don't borrow to invest in unit trust unless you are absolutely aware of the risks involved.
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