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UNIT TRUSTS ISSUE $817.2 MILLION IN NOVEMBER

 WASHINGTON, Jan. 11 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in November of $817.2 million for a 1992 year-to-date total of $8.11 billion in 1992, compared with $7.67 billion through November in 1991, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in November, with deposits of $474.5 million for a total of $4.29 billion in the first 11 months of 1992, compared with $5.36 billion for the same period in 1991. Shares issued by taxable bond trusts reached $145.8 million in November for a year-to-date total of $2.20 billion in 1992, compared to $1.53 billion through November in 1991. Deposits to equity trusts totaled $196.9 million in November, for a year-to-date total of $1.62 billion, compared with $779.0 million in 1991.
 There were 80 new tax-free bond trusts issuing shares in November, two 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 $474.2 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- 1/11/93
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/


CO: Investment Company Institute ST: District of Columbia IN: FIN SU: ECO

TW -- DC006 -- 3434 01/11/93 09:59 EST
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Publication:PR Newswire
Date:Jan 11, 1993
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