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UNIT TRUSTS ISSUE $715.9 MILLION IN SEPTEMBER

 UNIT TRUSTS ISSUE $715.9 MILLION IN SEPTEMBER
 WASHINGTON, Nov. 4 /PRNewswire/ -- Unit Investment Trusts,


investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in September of $715.9 million for a year-to-date total of $6.65 billion in 1992, compared with $6.40 billion through September in 1991, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in September, with deposits of $294.1 million for a total of $3.50 billion in the first nine months of 1992, compared with $4.61 billion for the same period in 1991. Shares issued by taxable bond trusts reached $181.2 million in September for a year-to-date total of $1.87 billion in 1992, compared to $1.19 billion through September in 1991. Deposits to equity trusts totaled $240.5 million in September, for a year-to-date total of $1.28 billion, compared with $598.7 million in 1991.
 There were 52 new tax-free bond trusts issuing shares in September, seven new taxable bond trusts, and five new equity trusts.
 In terms of maturity, long-term bond trusts with an average weighted maturity of more than 15 years were the most commonly offered in September with $340.0 million in shareholder deposits.
 1991 YEAR-END TOTALS
 Data on the market value of unit trusts issued and outstanding at the end of 1991 indicates a total of 12,388 unit trusts with a market value of $102.83 billion. According to reports of 16 sponsors, there were a total of 11,542 tax-free bond trusts representing a year-end 1991 market value of $88.17 billion, 678 taxable bond trusts representing year-end 1991 market value of $9.72 billion, and 168 equity unit trusts reporting year-end 1991 market value of $4.94 billion.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 11/4/92
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH -- DC006 -- 2372 11/04/92 10:06 EST
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Publication:PR Newswire
Date:Nov 4, 1992
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