O'Reilly logo

The Handbook of Professionally Managed Assets: A Definitive Guide to Profiting from Pooled Investments by Keith R. Fevurly

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

images

Unit Investment Trusts

The number of unit investment trusts (UITs) has decreased by over 55% from 1995 to 2012.1 In 2012, there were a total of 5,787 UITs with assets of $72 billion—paltry in comparison with assets of over $13 trillion in mutual funds, $1.3 trillion in exchange-traded funds (ETFs), and $265 billion in closed-end funds (CEFs). Yet UITs were formerly among the most important of PMAs and even today are appropriate for some investors—particularly retiree investors.

What Is a Unit Investment Trust?

A UIT is a hybrid type of PMA combining some characteristics of mutual funds (Chapters 3–5) and CEFs (Chapter 6). Similarly to mutual ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required