Equity Unit Investment Trust

Equity Unit Investment Trust

An investment company that contains an unmanaged portfolio of stocks for approximately one year. Investors may buy shares (called units) in the trust and hold them for the year or redeem them from the trust at any time. The units operate much like shares in a mutual fund; the holder is entitled to any capital gains and is responsible for any losses on the portfolio. The main differences are that the portfolio is unmanaged and there is a time limit on the life of the trust. At the end of the year, the trust is either liquidated or rolled over into a new equity unit investment trust. See also: UIT.
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In addition, Van Kampen has also sponsored over 2,500 series of fixed-income, tax-exempt and equity unit investment trusts.
in New York, where he was responsible for sales of municipal and equity unit investment trusts in Pennsylvania, New Jersey, Maryland and Delaware.
Van Kampen offers more than 50 open-end mutual funds, 39 closed-end funds, and has sponsored more than 2,700 series of fixed, tax-exempt and equity unit investment trusts.
Van Kampen offers more than 50 open-end mutual funds, 39 closed-end funds, and has sponsored more than 2,600 series of fixed, tax-exempt and equity unit investment trusts.
Van Kampen Funds offers more than 50 open-end mutual funds, 39 closed-end funds, and has sponsored over 2,500 series of fixed income, tax-exempt and equity unit investment trusts.
Van Kampen Investments offers more than 50 open-end mutual funds, 39 closed-end funds, Individual Retirement Accounts (IRAs), variable annuities, retirement plans, and has sponsored over 2,500 series of fixed, tax-exempt and equity unit investment trusts.
The company offers more than 50 open-end mutual funds, 39 closed-end funds, and has sponsored over 2,500 series of fixed, tax-exempt and equity unit investment trusts.