What is NOT a duty of the trustee of a unit trust?

The role of the trustee in a unit trust primarily involves oversight and administration, ensuring that the trust is managed in accordance with the established trust deeds and in the best interests of the unit-holders. The trustee has various fiduciary duties, including managing the portfolio of investments, ensuring that the provisions of the trust deeds are followed, and taking actions that protect the interests of unit-holders.

Making all investment decisions independently falls outside the typical responsibilities of a trustee. While they are responsible for overseeing the management of the trust's assets and ensuring compliance with legal and regulatory obligations, the actual investment decisions are often made by an investment manager or another designated party. The trustee’s duty is to monitor, not to operate independently in terms of investment strategy. This collaborative role is crucial as it helps maintain a balance between professional investment management and the protective oversight that trustees are required to provide.