Printer Friendly

UNIT TRUSTS ISSUE $967.6 MILLION IN JULY

 UNIT TRUSTS ISSUE $967.6 MILLION IN JULY
 WASHINGTON, Sept. 1 /PRNewswire/ -- Unit Investment Trusts,


investment companies that purchase fixed portfolios of selected bonds or stocks, increased their deposits through offerings in July of $967.6 million for a year-to-date total of $5.23 billion in 1992, compared with $4.94 billion through July in 1991, according to statistics compiled by the Investment Company Institute.
 Tax-free bond trusts issued shares in July, with deposits of $463.5 million for a total of $2.90 billion in the first seven months of 1992, compared with $3.58 billion for the same period in 1991. Shares issued by taxable bond trusts reached $273.6 million in July for a year-to-date total of $1.37 billion in 1992, compared to $885.3 million through July in 1991. Deposits to equity trusts totaled $230.5 million in July, for a year-to-date total of $958.2 million, compared with $470.7 million in 1991.
 There were 71 new tax-free bond trusts issuing shares in July, five new taxable bond trusts, and seven 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 July with $491.5 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- 9/1/92
 /CONTACT: Betty Hart of the Investment Company Institute, 202-955-3532/ CO: Investment Company Institute ST: District of Columbia IN: FIN SU:


IH -- DC012 -- 5496 09/01/92 14:28 EDT
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:Sep 1, 1992
Words:347
Previous Article:METALL MINING REPORTS SIX-MONTH RESULTS
Next Article:CHOCK FULL O' NUTS RESTRUCTURING WILL RESULT IN ONE-TIME PRE-TAX CHARGE OF $5.5 MILLION, MOSTLY NON-CASH
Topics:


Related Articles
UNIT TRUSTS ISSUE $938.9 MILLION IN JULY
ICI: UNIT TRUSTS ISSUE $860.3 MILLION IN MAY
UNIT TRUSTS ISSUE $625.8 MILLION IN JULY
ICI: UNIT TRUSTS ISSUE $730.0 MILLION IN JULY
UNIT TRUSTS ISSUE $2.93 BILLION IN MAY
As Good as it Gets!
American Greetings Announces Second Quarter Results, Continued Progress With Retail Productivity Initiative.
Essex Restructures Its Series B and Series D Preferred Units.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters