2006-07-31 20:50:51 · 2 answers · asked by dun_give_ a_ damn 3 in Business & Finance ➔ Investing
A Unit Investment Trust (UIT) manages a portfolio of securities having a definite life. UITs are assembled by a sponsor and sold through brokers to investors.
A UIT portfolio may contain one of several different types of securities. The two main types are stock (equity) trusts and bond (fixed income) trusts.
Unlike a mutual fund, a UIT is created for a specific length of time and is a fixed portfolio, meaning that the UIT’s securities will not be sold or new ones bought, except in certain limited situations.
2006-07-31 21:48:50 · answer #1 · answered by J 4 · 0⤊ 0⤋
unit trust is investing your money under iinvestment arm that invest again the money in the stock exchange......but there are good n bad in unit trust...one good thing u dont have to think much what to buy...but there is no gurantee that it will make money...to buy aunit turst u have to see the market weather it is to high or low enough...the best way is you invest yourself in the stock market so that you can become a good trader and investor like warren buffet.....i myself is a trader and remisier...if you wish to open an account and try to trade for yourself call me at 016-8747685 (malaysia)
2006-07-31 21:18:57 · answer #2 · answered by zackery a 1 · 0⤊ 0⤋