Investment VehiclesPregunta 37 de 110
A unit investment trust (UIT) differs from a mutual fund primarily because a UIT:
a.Holds a fixed, unmanaged portfolio with a set termination date
b.Actively trades its holdings to beat the market
c.Has no defined maturity or termination
d.Issues shares that trade only on an exchange at a premium
Explicación
A UIT holds a fixed portfolio of securities that is not actively managed and has a predetermined termination date. This contrasts with a mutual fund's actively or passively managed, ongoing portfolio. UIT units are redeemable rather than exchange-traded like closed-end funds.
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