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UNIT TRUSTS ISSUE $712.2 MILLION IN OCTOBER

 UNIT TRUSTS ISSUE $712.2 MILLION IN OCTOBER
 WASHINGTON, D.C., Nov. 27--Unit Investment Trusts, investment


companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in October of $712.2 million for a year-to-date total of $7.11 billion in 1991 compared to $6.15 billion through October 1990, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in October, with deposits of $390.6 million for a year-to-date total of $5.00 billion compared to $4.57 billion in the first ten months of 1990. Taxable bond trusts totaled $214.5 million in October for a 1991 total of $1.41 billion compared to $1.13 billion for the prior year through October. Deposits to equity trusts totaled $107.1 million in October, bringing the year-to-date total to $705.8 million compared to $438.1 million for the first ten months of 1990.
 There were 55 new tax-free bond trusts issuing shares in October, seven 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 October with $451.2 million in shareholder deposits.
 The total reported market value of unit trusts issued and outstanding through December 1990 indicates a total of 12,131 unit trusts with a market value as of December 1990 of $105.39 billion. According to responses of 17 sponsors, there were a total of 11,238 tax-free bond trusts representing year-end 1990 market value of $91.74 billion, 722 taxable bond trusts representing year-end 1990 market value of $9.46 billion, and 171 equity unit trusts reporting year-end 1990 market value of $4.19 billion.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 11/27/91
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH -- DC019 -- 7844 11/27/91 15:43 EST
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Publication:PR Newswire
Date:Nov 27, 1991
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