Unit trust is a form of collective investment scheme that allows investors with similar investment objectives to pool their funds together for the professional fund managers to invest and manage according to the unit trust fund's objective and investment strategy.
As at to date, PB Trustee has been appointed as the Trustee for the following fund houses for selected funds:
To take control or custody of all assets of a unit trust scheme and hold it in trust for the investors (unit holders)
To discover any non-compliance incidents conducted by the fund management company
To make sure non-compliance incidents by the fund management company are being rectified within a reasonable time frame
To report to regulatory body(ies) on any non-compliance incidents conducted by the fund managers that is contravene to the deed or law