SIE practice questioneasyUITs
All of the following are characteristics of unit investment trusts (UITs) EXCEPT:
- ADefined end dates
- BFixed portfolios
- CActively managed portfolios✓ Correct answer
- DRedeemable units
Explanation
Why C — Actively managed portfolios
UITs have fixed portfolios and defined maturities, and units are redeemable, but they are not actively managed – the portfolio remains static.
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