What and Why You Should Know About UITF?
August 2, 2006 by Leo 2,596 Views
UITF stands for Unit Investment Trust Fund. The product is fairly simple on paper: the funds of several people are combined by an administrator and collectively invested into particular assets. As the assets gain or lose in market value, the individuals who pooled their funds either accrue the gains or absorb the loss. In exchange for structuring the fund, fees are charged to the individuals by the administrator.
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