unit investment trust

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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 ?
NYSE: EV), announced today the launch of its first unit investment trusts ("UITs").
First, let me explain what a unit investment trust is.
McHaffie will lead Incapital's development and distribution of Unit Investment Trusts, Structured Products and Annuities through its expanding presence in the financial advisor, banking and broker-dealer communities.
Please consider the investment objectives, risks, charges and expenses of the unit investment trust carefully before investing.
20 /PRNewswire/ -- Standard & Poor's, a leading provider of financial market intelligence and independent fixed-income evaluations and data, today announced that its North American Dividend Record and Unit Investment Trust services are now available through FinDataPortal.
In addition to providing a wide range of investment services, the company is responsible for developing the Tarantula Portfolio, a formula-based unit investment trust (UIT), and Street Smart 401(k), a retirement plan platform launched in 2003.
The Medical Discovery Unit Investment Trust will mature on September 30, 2003.
The Financial Services Unit Investment Trust purchases a fixed portfolio of approximately 30 common stocks of financial services companies such as Fannie Mae, American Express, Charles Schwab and Bank of New York.
Until now, this investment strategy has generally been available through unit investment trusts.
which intends to deposit such shares into a newly formed registered unit investment trust comprised of a number of publicly traded real estate investment trusts (REITs).

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