rdfs:comment
-
 |
Unit Investment Trust
A regulated investment company consisting of professional managers who issues redeemable securities representing a portfolio of many different securities; you can invest in a unit investment trust for as little as $1000
A trust that is registered with the Securities and Exchange Commission (SEC) that purchases and packages a fixed portfolio of bonds. The units representing a fractional, undivided interest in the trust are then sold to investors, and the investor receives periodic interest and, upon maturity of the individual bonds, the redemption value. Unit Investment Trusts are not actively managed, as is a mutual fund.
Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value
Copyright © 2000, Campbell
R. Harvey. All Rights Reserved.
Unit Investment Trust (UIT) is a US investment company offering a fixed (unmanaged) portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors
A UIT portfolio may contain one of several different types of securities. The two main types are stock (equity) trusts and bond trusts.
Unlike a mutual fund, a UIT is created for a specific length of time and is a fixed portfolio, meaning that the UITs securities will not be sold or new ones bought, except in certain limited situations (for instance, when a company is filing for bankruptcy or the sale is required due to a merger
This article uses material from Wikipedia® and is licensed under the GNU Free Documentation License
|
|
