| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,762,013,120 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Defined Asset Fund |
0.01 sec. |
|
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. Defined Asset Fund A unit investment trust that exists only for a limited period of time, after which it is liquidated. A unit investment trust consists of an unmanaged portfolio of securities, the rights to which are sold to investors as shares or units. The dividends and/or coupons from these securities are passed on to unit holders, just as in a mutual fund. A defined asset fund works like this, with the addition that, at a certain maturity, the assets in the fund are liquidated and distributed to unit holders. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
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. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|