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Glossary > E > "Equity Unit Investment Trust" Definition

Equity Unit Investment Trust

A registered trust in which investors purchase units from a fixed portfolio of equities, which are chosen and passively managed by a professional money manager.

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Equity Unit Investment Trust - A registered trust in which investors purchase units from a fixed portfolio of equities, which are chosen and passively managed by a professional money manager.

Equity Unit Investment Trust : a registered trust in which investors purchase units from a fixed portfolio of equities, which are chosen and passively managed by a professional money manager.