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unit investment trust
(redirected from Unit Investment Trusts)

    Also found in: Financial, Wikipedia 0.01 sec.
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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"
unit trust
investment company, investment firm, investment trust, fund - a financial institution that sells shares to individuals and invests in securities issued by other companies
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The claim further contends that "Respondent's registered representative recommended that Claimant surrender, rather than hold, an income producing annuity and misused the proceeds to purchase risky unit investment trusts that paid Respondent and its registered representative higher commissions.
UBS Flying Blind on Elderly Investor's Account - Claim Alleges by PR Newswire
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.
Build a sturdy portfolio by Dingle, Derek T. / Black Enterprise
are privately-held companies which provide a variety of investment services, including asset management, financial advisory services, and municipal and corporate investment banking, with collective assets under management or supervision of over $29 billion as of May 31, 2010 through closed-end funds, unit investment trusts, mutual funds, separate managed accounts and exchanged-traded funds.
First Trust Advisors L.P. Announces Portfolio Manager Update Call for ... by Business Wire
 
 
 
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