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Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios. II) They are actively-managed portfolios. III) The sponsor pools securities, then
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Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios. II) They are actively-managed portfolios. III) The sponsor pools securities, then sells public shares in the trust. IV) The portfolio is fixed for the life of the fund.

User Vineel Kumar Reddy
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Answer:

I) Most are invested in fixed-income portfolios.

IV) The portfolio is fixed for the life of the fund.

Step-by-step explanation:

Unit investment trusts is one in which Pools of money is invested in a portfolio which is fixed for the life of the fund. This is generally stocks and bonds which are redeemable units to investor for specific time. These investment portfolio have no board of directors. This is a type of mutual fund which offers investors having fixed portfolio of securities having definite life.

User Alvaro Fuentes
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