unit investment trust

(redirected from Unit Investment Trusts)
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Noun1.unit investment trust - a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities; "you can invest in a unit investment trust for as little as $1000"
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
References in periodicals archive ?
Rick Gonsalves, AmericaFirst's Founder and Portfolio Manager, said that unit investment trusts are the foundation for the firm's original business when it acted as a sub advisor for a number of successful UITs.
In short, unit investment trusts (UIT) are securities that are bundled together and then sold in pieces to investors, generally for $1,000 or less.
The trade group also offers free pamphlets in English and Spanish for ``A Guide to Mutual Funds,'' ``A Guide to Closed-End Funds,'' and ``A Guide to Unit Investment Trusts.
The Firms currently have assets under management or supervision of over $28 billion through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchange-traded funds.
Unit investment trusts are vehicles in which securities are bundled together and then sold in pieces to investors.
Unit investment trusts are similar to mutual funds, except that they maintain a fixed portfolio of stock or other securities.
Claymore entities have provided supervision, management, servicing or distribution on over $16 Billion in assets through closed-end funds, unit investment trusts, mutual funds, separately managed accounts, exchange traded funds and Claymore MACROshares.

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