US unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $2.47 billion in November, according to statistics compiled by the Investment Company Institute (ICI). For comparison, deposits were $2.95 billion in October and $1.76 billion in November 2005. There were 62 new trusts issuing shares in November. Of that total, 59 were equity trusts and three were tax-free bond trusts.
US Unit Investment Trusts Held $2.47 Billion In November, Says ICI
US unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $2.47 billion in November, according to statistics compiled by the Investment Company Institute (ICI). For comparison, deposits were $2.95 billion in
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