Special Report on
Unit Investment Trust Definition
Unit Investment Trust Definition - Trends
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A corporation or trust engaged in the business of investing the pooled capital of shareholders in the financial instruments of other companies. This is most often done either through a closed-end fund or an open-end fund (also referred to as a "mutual fund"). In the U.S., most investment companies are registered with and regulated by the Securities & Exchange Commission under the Investment Company Act of 1940. Investopedia Says : Individual investors in an investment company can achieve a high level of diversification with minimal effort and cost, since the funds from all investors in the fund are pooled together for ...
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UNIT INVESTMENT TRUST DEFINITION
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