Investing May 9, 2001

UITs Total $7.44 Bn in March

May 9, 2001 (PLANSPONSOR.com) - Unit investment trusts totaled $7.44 billion in March, compared to $5.1 recorded in the same period last year, according to figures from the Investment Company Institute (ICI).
Reported by

In addition:

  • Deposits to equity trusts came to $7.34 billion over the month, in comparison to $5 billion in March 2000.
  • Tax-free bond trusts issued shares with deposits of $67.3 million compared with $83.2 million in the same period last year.
  • Shares issued in March by taxable bond trusts reached $26.5 million compared with $11.5 million in the comparable month in 2000.

March also saw 11 new tax-free bond trusts, one new taxable bond trust and 52 new equity trusts issuing shares.

For more stories like this, sign up for the PLANSPONSOR NEWSDash daily newsletter.

The most commonly offered bond in March, with $67.2 million in shareholder deposits, were long-term bond trusts with an average weighted maturity of more than 15.

«