What is an EFT, Mutual fund and Unit trust

[chrislaas]

Hello All, I have some newbie questions that may sound stupid at first but I have to learn so here goes. Can somebody explain to me the difference between the following:

A Unit trust
A mutual fund
An exchange traded fund
and an Investment fund

I am also fasinated to know which of them is the safest investment and which has higher risk attached to it with greater reward.

Many thanks in advance
Chris

 

[roguetrader]

This will explain Exchange Traded Funds better than I can.

http://www.etfconnect.com/

or this

http://datek.smartmoney.com/departments/investing101/funds/index.cfm?story=whatexactly

 

[chrislaas]

thanks roguetrader!! that site helped