Products & RisksPregunta 23 de 125
A unit investment trust (UIT) is characterized by:
a.An actively managed portfolio and a board of directors
b.A perpetual life with continuous trading by managers
c.A fixed, generally unmanaged portfolio held until a set termination date
d.A guarantee of principal at maturity
Explicación
A UIT holds a fixed portfolio of securities that is not actively traded and has a predetermined termination date. It has no board of directors or investment adviser making ongoing decisions, distinguishing it from managed open-end and closed-end companies under the Investment Company Act of 1940.
Referencia Legal: Investment Company Act of 1940Practica las 125 preguntas gratis — sin registro.
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