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Defined asset fund

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Defined asset fund
A unit investment trust consisting of a fixed portfolio of securities, including blue chips, REITs, or high-yielding stocks on a major exchange such as the NYSE or FTSE.


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Prior to joining Prudential Financial, King was chief portfolio strategist for Merrill Lynch Defined Asset Funds, where he managed the investment process for equity assets held in strategy-based equity products and oversaw asset allocation and risk analysis functions.
 
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