GROUP UNITS INVESTMENT TRUST.
In the more recently formed Fixed Investment Trusts there is now a tendency to vary their character in certain points of detail. It will be remembered that in the first Trust that was formed a certain number of well-known Industrial shares were taken as the basis and the investing public were invited to purchase Sub-Units which represent a proportionate share in the income derived from the average dividends from all the concerns in the group. In the case of the Group Units Investment the investor has the choice of selecting particular forms of' industry, Sub-Units being obtainable in Home Rail Certificates, Oil Certificates, Iron, Coal and Steel, Brewery and Distillery or Rand Certificates. The average interest yields naturally varies very much according to the nature of the group selected. Thus, in the case of the Rand Certificates the yield at a price of 20s. per Sub-Unit is just under 6 per cent., whereas in the case of Home Railways the yield is about £3 8s. 3d. per cent. Particulars of the securities and yields, &c., can be obtained from the Group Units Investment Trust, Limited, at 24 Throgmorton Street. The Trustees for all classes of Certificates are the Midland Bank Executor and
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