unit investment trust
Americannoun
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The reason QQQ is having a proxy vote is because Invesco wants to change the fund from a unit investment trust to an open-ended fund.
From MarketWatch
A unit investment trust, or UIT, lets people invest in a one-time public offering in a portfolio of securities, typically stocks and bonds.
From Washington Post
An investment in exchange-traded funds, structured as a mutual fund or unit investment trust, involves the risk of losing money and should be considered as part of an overall program, not a complete investment program.
From US News
The portfolio was set up as a unit investment trust—generally an unmanaged cousin of a standard mutual fund—and depends on "brands and sustainable competitive advantages," rather than short-term stock picking, he says.
A unit investment trust is a type of investment company that holds a fixed portfolio of securities and offers redeemable units of that portfolio that terminate after a specified period of time.
From Reuters
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
