Collective investment schemes in the changing environment

Author: Brian Wright (1996)

Brian Wright
formerly Chairman of the Unit Trust Committee and formerly of Midland Bank plc
(taken from Issue No 1 – July 1996)

Benjamin Disraeli once said ‘Change is inevitable. In a progressive country change is constant.‘

Before considering the aptness of those words in relation to collective investment schemes I must make two things clear. The first is that the opinions expressed below are personal ones. The second is that although the phrase ‘collective investment scheme’ can have a wide interpretation I restrict myself to unit trusts and open ended investment companies.

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