Build a sturdy portfolio.QA Im interested in obtaining a unit investment trust. Which companies offer them? --Veronica Williams New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of First, let me explain what a unit investment trust is. It's a cousin to the mutual fund, but you don't have to worry about asset turnover. In short, unit investment trusts (UIT UIT Union Internationale des Télécommunications UIT Unit Investment Trust UIT Ultraviolet Imaging Telescope UIT União Internacional das Telecomunicações (Portugal) UIT University of Information Technology ) are securities that are bundled together and then sold in pieces to investors, generally for $1,000 or less. Since they are unmanaged pools, the securities are unchanged for the life of the trust, usually one to five years. During that time, values are set on a daily basis and investors can sell their units, if they wish. When the trust matures, you can "roll over" your investment into a new trust. You can purchase both fixed-income and equity trusts, which have been among the most popular during this 10-year bull market. There are a number of Websites that can help you identify unit investment trusts domestically and abroad. Unit Investment Trust Net (www.uitnet.com) provides information on municipal bond unit trusts municipal bond unit trust An unmanaged portfolio of municipal securities that is put together at the time the units are initially sold. Tax-free interest and repayments of principal are passed through to the owners, who are charged a fee of around 4% to , and TrustNet (www.trustnet.co.uk) will furnish fur·nish tr.v. fur·nished, fur·nish·ing, fur·nish·es 1. To equip with what is needed, especially to provide furniture for. 2. you with comparative data on 600 U.K. investment trusts, closed-end offshore funds and closed-end U.S. funds. For additional information on UITs, we sugggest you read the article, "Putting all your eggs in one sturdy sturdy neurological disease in sheep caused by the pressure of a Taenia multiceps metacestode. Called also gid. basket," in BE'S July Moneywise section and "The ABC's of UITs" on Moneywise Online. Mail your finance questions to Ask B.E., BLACK ENTERPRISE, 130 Fifth Ave AVE Avenue AVE Average AVE Alta Velocidad Espanola (train between Madrid and Seville) AVE Alta Velocidad Española (Spanish: High Speed Train) AVE Audio Video Entertainment AVE Advertising Value Equivalent ., New York, NY 10011, or send an e-mail to cintroni@blackenterprise.com. |
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