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Also called a UIT, a unit investment trust is like a mutual fund, but without the management and with an expiration date.
Like a mutual fund, there are stocks and bonds, and the whole thing can be traded on the secondary market.
The goal of the UIT is usually to create income.
danielnieh 6 minutes ago
Hello daniel. i am daniel. i would like to eat some cake because I'm hungry.
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this is my message bubble. i like to ride motorcycles because i eat chocolate.