11.   Unlike the investment trust, the unit trust is not a company.

12.   Unlike the investment trust, the unit trust cannot raise capital by selling debt, its capital rises with the sale of units to the public.

13.   In the case of property companies and investment trusts the undertaking should refer to an increase in asset value per share for the remaining shareholders.

14.   THE GIANT Foreign and Colonial group is to launch a new investment trust specialising in smaller US quoted companies.

15.   FOUR Scottish investment trusts all had good growth to report yesterday.

16.   If not, unit trusts or investment trusts are the answer.

17.   DRAYTON Asia Trust yesterday joined in a war of words with EFM Dragon, the Edinburgh-managed investment trust which targeted it for takeover a fortnight ago.

18.   Investment trusts are mis-named in that they are not trusts as properly defined, but are in fact actually limited companies quoted on the stock exchange.

19.   Advertising is limited to a new issue by an investment trust, and to investment trust saving schemes.

20.   There is still the limitation however that this relates only to investment trust savings schemes, such that investment trusts cannot advertise their shares directly.