Also called UIT
Unit investment trust
A fixed portfolio bought once and never managed, with a set termination date. No manager decides anything after it launches.
Updated 2026-09-05
A unit investment trust buys a fixed portfolio at launch, holds it unchanged, and terminates on a set date. Nobody manages it after day one, which is the defining feature.
That makes it cheaper than a managed fund and completely rigid. It cannot sell a holding that has deteriorated and cannot buy one that has become attractive. It sits between an etf and a mutual fund structurally, and it is far less common than either.
See also
- Mutual fund — A pooled fund that issues and redeems shares continuously at net asset value, priced once a day after the close rather than traded live.
- ETF — A basket of securities that trades on an exchange like a single stock. Most track an index, charge very little, and can be bought and sold all day.
Educational content, not investment advice. Angie explains how a valuation is built so you can judge it yourself. What you do with that is your call.
