Monthly UIT Deposits
Washington, DC; February 11, 2021—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $5.87 billion in January, according to statistics compiled by ICI. For comparison, deposits were $4.05 billion in December 2020 and $6.50 billion in January 2020.
Total Deposits by Trust Type
Thousands of dollars
|January 2021||December 2020||January 2020|
There were 148 new trusts issuing shares in January. Of that total, 146 were equity trusts, one was a taxable bond trust, and one was a tax-free bond trust.
In terms of maturity, short term bond trusts having an average weighted maturity of less than five years attracted the most deposits in January with $38.50 million.
December 2020 figures: Data on the market value of unit investment trusts issued and outstanding as of December 31, 2020 indicates a total of 4,310 trusts with a value of $77.85 billion. According to reports of sponsors, on December 31, 2020, there were 1,476 tax-free bond trusts, with a market value of $5.86 billion; 522 taxable bond trusts, with a market value of $1.68 billion; and 2,312 equity trusts, with a market value of $70.31 billion.