MONEYTIP

CityPress - - Business -

When choos­ing a unit trust fund to in­vest in, pay care­ful at­ten­tion to the costs. A cost of 1.2% may sound small, but it adds up to a sub­stan­tial amount when com­pounded over a lengthy in­vest­ment term.

Check if the fees or costs are in line with sim­i­lar unit trust funds. Don’t be shy to ask if there is a per­for­mance fee, and re­mem­ber to find out how this is cal­cu­lated.

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