Unit Investment Trust

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Definition:
A Unit Investment Trust (UIT) is a type of investment company that sells shares of a fixed, unmanaged pool of securities (stock and bonds) to investors. UITs differ from mutual funds in that they are not actively managed and securities are neither bought nor sold. The two types of UITs are stock trusts and bond trusts and can be either a regulated investment corporation (RIC) or a grantor trust. Income is produced and distributed via capital appreciation, dividend income, and fund/trust liquidation.

Related Concepts:

Bond Trust
Closed-end Fund
Grantor Trust
Regulated Investment Company
SEC
Stock Trust
 

Available Positions Related to Unit Investment Trust:

Asset & Investment Management jobs

 

Relevant Functional Areas:
Asset Management
Mutual Fund
 

Related Job Titles:
Economist
Investment Strategist
 

Synonyms:
Fixed Investment Trust
UIT
 

 

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