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Business, 24.07.2020 01:01 joeljuarez128oyusun

Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixed-income portfolios. II) They are actively-managed portfolios. III) The sponsor pools securities, then sells public shares in the trust. IV) The portfolio is fixed for the life of the fund.

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Which of the following characteristics apply to unit investment trusts? I) Most are invested in fixe...
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