Unit Investment Trusts

UIT imageDespite offering certain distinct advantages for an investor, unit investment trusts (UITs) are not nearly as familiar to most people as mutual funds. According to data compiled by the Investment Company Institute (ICI), in 2013 mutual funds held roughly 173 times as much money as all UITs did. But as a greater diversity of UITs have been introduced, they have become more popular as an investment vehicle.    

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