CG41355 - Unit and investment trusts: common investment funds

Section 42 of the Administration of Justice Act 1982 gives the courts discretion to invest funds in court in one of the common investment funds. These are referred to in TCGA92/S61 and TCGA92/S100 as 'court investment funds'. These common investment funds are comparable to unit trusts. For further information on such funds see CG20703.