How Do You Invest In A Unit Investment Trust (UIT)?
A Unit Investment Trust or “UIT” is an investment product made up of a fixed, unmanaged portfolio of securities, usually stocks and bonds. The sponsor or investment company will sell “units” from this portfolio to investors at an agreed upon price and expiration date. UITs are considered good investments for income or growth strategies. Contact a Broker or Investment Company Almost all Unit Investment Trusts (UIT) are created and sold by large financial firms such as Fidelity, Smith Barney, First Trust, and Northwestern Mutual just to name a few. The UIT company or sponsor will select many types of securities and pool them together in a portfolio. This portfolio is then “chopped” up into units and sold to investors. Contact a financial firm and ask them about UITs. Also more information can be found by doing a search online. Select a UIT to Invest In When researching UITs, most information can be found at the investment company itself. Many of the companies listed in step 1 have inform
