Unit Investment Trust (UIT)

RECENT NEWS
The Big Pond  Sep 9  Comment 
First published on my old blog on 12/7/2005.  Everyone expects a daily financial newspaper to critisize an election program which might impact negatively on business.  Because 90% of the readers of daily financial newspapers are...
Suggest a News Source
Topic
Top news source/blog that we're missing
Why do you recommend this news source?
Close 
Thanks for your suggestion!
 
 
TOP CONTRIBUTORS

An investment company that buys and holds a fixed number of shares until the trust's termination date. this is the structure used by some ETFs. A portfolio may contain one of several different types of securities. UITs are regulated maily under the Investment Company Act of 1940 and the rules adopted under that Act., in particular Section 4 and Section 26. Section 4 reports: "Unit investment trust" means an investment company which

  • is organized under a trust indenture, contract of custodianship or agency, or similar instrument,
  • does not have a board of directors, and
  • issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities; but does not include a voting trust.


To know more about UITs you can read: http://www.sec.gov/answers/uit.htm

Wikinvest © 2006, 2007, 2008, 2009. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki