Investors can redeem mutual fund shares or UIT units atnet asset value (NAV)to the fund or trust either directly or with the help of an investment advisor. NAV is defined as the total value of the portfolio divided by the number of shares or units outstanding, and the NAV is calculated ...
Aunit investment trustis a type ofinvestmentfundcomprising a fixed portfolio of securities that is sold in units to potential investors similar to amutual fund. How Does a Unit Investment Trust (UIT) Work? Also called unit trusts or fixed trusts, unit investment trusts are made up of a portf...
What’s the difference between a mutual fund, ETF and a Unit Investment Trust? Find out with Kevin Mahn, as he joins Jill Malandrino at the Nasdaq Market Site ... Read MoreU.S. department store stocks jump on holiday spending record December 28 2017 Reuters’ Elly Park discusses holiday...