unit investment trust (Meaning)
Wordnet
unit investment trust (n)
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
Synonyms & Antonyms of unit investment trust
No Synonyms and anytonyms found
FAQs About the word unit investment trust
a regulated investment company consisting of professional managers who issue redeemable securities representing a portfolio of many different securities
No synonyms found.
No antonyms found.
A unit investment trust (UIT) is a type of mutual fund that invests in a fixed portfolio of securities.
UITs offer investors a way to diversify their investments and reduce risk.
UITs are typically traded on exchanges, just like stocks and bonds.
When you buy a UIT, you are buying a unit that represents a share of the underlying portfolio.
