Printer Friendly

UNIT TRUSTS ISSUE $519.7 MILLION IN DECEMBER

 UNIT TRUSTS ISSUE $519.7 MILLION IN DECEMBER
 WASHINGTON, Feb. 4 /PRNewswire/ -- Unit Investment Trusts,


investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in December of $519.7 million for a total of $8.19 billion in 1991 compared with $7.49 billion in 1990, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in December, with deposits of $248.1 million for a 1991 total of $5.61 billion compared with $5.64 billion in 1990. Shares issued by taxable bond trusts reached $153.2 million in December for a total of $1.69 billion in 1991, compared to $1.35 billion in 1990. Deposits to equity trusts totaled $118.3 million in December, bringing the total for 1991 to $897.3 million compared with $495.4 million for 1990.
 There were 37 new tax-free bond trusts issuing shares in December, five new taxable bond trusts, and four 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 November with $299.5 million in shareholder deposits.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 2/4/92
 /CONTACT: Betty Hart, 202-955-3532, or John Collins, 202-955-3535, both of Investment Company Institute/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MK -- DC015 -- 6589 02/04/92 10:27 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 4, 1992
Words:248
Previous Article:RAYTHEON EQUIPMENT DIVISION WINS SOFTWARE DEVELOPMENT CONTRACT
Next Article:IDAHO POTATO INDUSTRY ANNOUNCES PARTNERSHIP WITH SECOND HARVEST NETWORK; DONATION WILL PROVIDE APPROXIMATELY 2.5 MILLION MEALS
Topics:


Related Articles
UNIT TRUSTS ISSUE $712.2 MILLION IN OCTOBER
UNIT TRUSTS ISSUE $560.7 MILLION IN NOVEMBER
UNIT TRUSTS ISSUE $734.3 MILLION IN DECEMBER
UNIT TRUSTS ISSUE $555.4 MILLION IN DECEMBER
ICI: UNIT TRUSTS ISSUE $446.8 MILLION IN DECEMBER
UNIT TRUSTS ISSUE $604.8 MILLION IN DECEMBER
Business Digest.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters