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 ?
20 March 2013 -- California-based investment management firm AmericaFirst Capital Management said it has returned to the unit investment trust market.
First, let me explain what a unit investment trust is.
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.

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