Unit trust is a type of collective investment where investors pool their money to invest in a diverse range of securities such as stocks, bonds, and other assets. It is also known as a mutual fund or an open-end fund. These investment vehicles are regulated by financial institutions to ensure the safety and integrity of the investment process. Other synonyms for a unit trust include open-ended investment company, investment trust, investment fund, equity fund, growth fund, income fund, bond fund, balanced fund, and money market fund. These different terms are commonly used interchangeably depending on the geographical region and the investment strategy implemented by the fund management team. Regardless of the terminology, the concept of a unit trust remains the same - an efficient way to diversify risk and earn potential returns on investment.