Since starting investing, I have noticed that there are distributing and accumulating versions of many funds.
I have always invested in the accumulating ones as I assumed it was best that the returns are re-invested automatically back into the fund as a long-term strategy, which is why I invest. I'm in my early 30s.
Could someone here explain to me what the benefits are of the distributing one? Am I missing something? Or is this better for those that are close to retirement / in retirement and want some kind of regular payout? Should I be investing in both?