An unit investment trust UIT is one of three basic types of investment companies. The other two types are open-end funds (usually mutual funds) and closed-end funds. Exchange-traded funds (ETFs) are generally structured as open-end funds, but can also be structured as UITs. A UIT invests the money raised from many investors in its one-time public offering in a generally fixed portfolio of stocks, bonds or other securities.I'm Ray Hermann Angossio Liwa or RHAL to be friendly, also I'm US Federal Tax Professional and US Attorney registered - ABA MEMBER ID: 06199835 ; PTIN: P02356203 ; CTEC: A328086 ; NYTPRIN: 12807807.Founder, Owner & Chief Strategists Futurists Society.For more :https://www.amazon.com/author/rayliwa ;https://linktr.ee/alpharayangossio .

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