Securities are not traded out of or into a unit investment trust.

Name: Securities are not traded out of or into a unit investment trust.
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Question

Quizplus · Accepted Answer

A unit investment trust (UIT) is a fixed portfolio of securities that are not actively traded, meaning securities are not bought or sold out of the trust once it is established, except in certain circumstances like the liquidation of the trust.

Securities Are Not Traded Out of or into a Unit