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Investments & Financial Planning

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  4. What is a Unit Investment Trust ?

What is a Unit Investment Trust ?

A Unit Investment Trust is a closed end investment company, which consists of a professionally selected basket of securities. It is either stocks or bonds. These securities are packaged into a single investment portfolio that usually remains fixed over the life of the trust. The total ownership of the portfolio is divided into a fixed number of units. Each unit represents a partial ownership of the underlying portfolio.

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