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What is a Unit Investment trust Fund (UITF)?

April 26, 2017fund Investment Trust uitf

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What is a Unit Investment trust Fund (UITF)?

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A. A Unit Investment Trust Fund (UITF) is an open-ended pooled trust fund denominated in any acceptable currency. A UITF is operated and administered by a trust entity. Funds from various client investors are pooled together by the trust entity and invested in different types of investment instruments and securities by the trustee with the objective of providing the client investor maximum returns that is commensurate to the level of risk that is embedded in the trust investment portfolio.