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UNIT TRUSTS ISSUE $931.2 MILLION IN JANUARY.

TO BUSINESS ER?:
 UNIT TRUSTS ISSUE $931.2 MILLION IN JANUARY
 WASHINGTON, March 6 /PRNewswire/ -- Unit Investment Trusts, investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in January of $931.2 million compared with $785.8 billion in January 1991, according to statistics compiled by the Investment Company Institute (ICI).
 Tax-free bond trusts issued shares in January, with deposits of $564.2 million compared with $639.6 million in 1991. Shares issued by taxable bond trusts reached $188.3 million in January compared to $130.3 million in 1991. Deposits to equity trusts totaled $178.6 million in January, compared with $15.9 million for 1991.
 There were 86 new tax-free bond trusts issuing shares in January, 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 January with $483.2 million in shareholder deposits.
 The Investment Company Institute is the national association of the U.S. investment company industry.
 -0- 3/6/92
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


MH-TW -- DC011 -- 5853 03/06/92 12:19 EST
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Publication:PR Newswire
Date:Mar 6, 1992
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