A key difference between a UIT and a mutual fund is that a UIT:

1. ACan issue an unlimited number of new units daily
2. BDoes not have an active manager making changes to the portfolio✓ Correct answer
3. CUses leverage to enhance returns
4. DHas shares traded intraday on the NYSE

Reading one answer is not the same as being ready

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• Who maintains control over the assets in a 529 plan?
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• A mutual fund’s expense ratio measures:
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