Could the panel give me an overall idea on what they determine an Equity fund to be?

Answers: Nick Kirrage - Schroders An equity fund is simply a fund which invests in shares. Most equity funds fall under the umbrella term mutual funds. A mutual fund is a professionally managed investment vehicle, consisting of a number of diversified investments which are owned jointly by a group of investors. In the UK, most mutual funds have a unit trust or open ended investment company (OEIC) structure. Leigh Himsworth - Gartmore An equity fund is a type of mutual fund. Let's go back to basics first: a mutual fund is a collective investment where a fund manager takes respons...