Question

Termination dates are a feature of: Closed ends funds Unit investment trusts The Net Asset Value...

  1. Termination dates are a feature of:
    1. Closed ends funds
    2. Unit investment trusts
  2. The Net Asset Value is fixed at $1.00 in the case of:
    1. Money mkt mutual funds
    2. Unit investment trust
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Answer #1

A unit investment trust (UIT) is an investment company that offers a fixed portfolio, generally of stocks and bonds, as redeemable units to investors for a specific period of time. It is designed to provide capital appreciation and/or dividend income. Unit investment trusts, along with mutual funds and closed-end funds, are defined as investment companies.

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