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Related Industries:
Related Stock Lists:
Dividend
Regular Income
Income Trust
Investment Funds
Shareholders
Msci Eafe
Alternative Investment Management Companies
Bank
Banking
Emerging Market
Exchange Traded Fund
Financial
Financial Markets
Financial Services
Financials
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Insurance
Invesco
Investment Management
Legal Entities
- Unit Investment Trust
In U.S. financial law, a unit investment trust (UIT) is an exchange-traded mutual fund offering a fixed (unmanaged) portfolio of securities having a definite life. Unlike open-end and closed-end investment companies, a UIT has no board of directors. A UIT is registered with the Securities and Exchange Commission under the Investment Company Act of 1940 and is classified as an investment company.
UITs are assembled by a sponsor and sold through brokerage firms to investors.
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