What is the difference between income and accumulation units?
The class of unit held will affect the way income generated from the fund is treated. With income units, income is paid into your Vantage account as a cash amount. This is then paid out, held on your account or reinvested depending on how you have instructed us to deal with income in your account. With accumulation units income is retained within the fund, although the number of units remains the same the price of each unit increases and hence the value of your holding rises.