Which one of the following invests in a portfolio that is fixed for the life of the fund?

Question

Quizplus · Accepted Answer

A unit investment trust (UIT) is a type of investment company that pools money from multiple investors to purchase a fixed portfolio of stocks, bonds, or other assets. This portfolio is fixed for the life of the trust, meaning that the trust will not actively buy or sell assets except in the cases of mergers, acquisitions, or bulk securities purchases or sales. Therefore, a UIT invests in a portfolio that is fixed for the life of the fund. The other options - mutual fund, money market fund, and managed investment company - do not have fixed portfolios and can actively buy and sell assets over time.

Which One of the Following Invests in a Portfolio That