What is a unit investment trust?

If you’ve avoided mutual funds because of high management fees or how frequently they can be traded, you might benefit from a closer look at the unit investment trust, or UIT. 

UITs are great for portfolio diversification and are designed to be bought and held until a specific maturity date, with extremely limited trading in the meantime. Here’s everything you need to know about UITs.

Published by Alexis Rhiannon in Business Insider.