We Put the "Us" in Trusts

UITs

Unit Investment Trusts were created by the 1940 Act and are sort of a "time share" analog in the fund business. The test will almost certainly grind your stones if you have them to grind on this vocab word. UITs have:

• no board of directors 
• no management fees (because they select investments but don’t actively manage them)
• are a "pooled investment"
• are redeemable to the UIT itself; that is, like a mutual fund, they can sell their proportionate interest back to the UIT for a set p...

  Looking for more? Why is this annoying box in the way? It's because you haven't paid for the course yet!

  $14.99
  Next: More on Risk (And Retirement) – And an Aside  
    Prev: Fund Sales Process – Fees and Other Not So Fun(d) Stuff