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What's meant by pooled nominee holdings?
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There are a number of different ways of investing in unit trusts and OEICs.

Normally if you invest directly with the fund manager or through a fund provider - units/shares are registered in your name. This may involve the creation of paper certificates which can be less convenient.

In a pooled nominee account - like the unwrapped account offered by Interactive Investor - you place your order for investments with Interactive Investor, we then purchase units/shares in your selected funds through a nominee company appointed by Interactive Investor. The units/shares are registered in the name of the nominee company although you remain the beneficial owner of those units/shares. This approach makes administration a lot easier and reduces the cots of investing. It also better facilities online trading.
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