Hi T-34 if the fund is UK based and regulated by the FCA then you own a share of the assets in the fund. However, it does depend on what the fund's buying e.g. if it's non-regulated assets such as the minibonds promoted by London Capital & Finance then it's not so clear-cut e.g. see www.ft.com/content/a28b2e26-a876-11e9-b6ee-3cdf3174eb89 It's best to stick to liquid and standard assets like listed equities and bonds. Thanks, Ramin.
