fixed investment trust

Definition

same as unit investment trust. An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors. The major difference between a Unit investment Trust and a mutual fund is that a mutual fund is actively managed, while a unit investment trust is not managed at all. Capital gains, interest and dividend payments from the trust are passed on to shareholders at regular periods. If the trust is one that invests only in tax-free securities, then the income from the trust is also tax-free.
A unit investment trust is generally considered a low-risk, low-return investment. One downside of a unit investment trust is that given the fixed nature of its portfolio, the trust is susceptible to inflation. also called unit investment trust or participating trust or fixed investment trust.

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You should try and get a good fixed investment trust that will let you know exactly what you will earn.

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It was a fixed investment trust and I really enjoyed what it did and why it was created, which was cool.

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FIXED INVESTMENT TRUST same as unit investment trust. An SEC-registered investment company which purchases a fixed, unmanaged portfolio of income-producing securities and then sells shares in the trust to investors.

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UIT Unit Trust