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What is a unit investment trust? An easy way to build diversification while earning steady income

1 month ago   |   By Business Insider

UITs can offer you access to a wide range of asset classes and investment strategies through a single purchase. shapecharge/Getty Images
A unit investment trust offers a fixed portfolio of assets for a set period of time.
UIT portfolios are typically fixed and not actively managed or traded.
UITs are particularly popular as diversification tools for hands-off investors.
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...
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