Monthly UIT Deposits
Washington, DC; October 15, 2020—Unit investment trusts, investment companies that hold fixed portfolios of selected stocks or bonds, had total deposits of $2.96 billion in September, according to statistics compiled by ICI. For comparison, deposits were $2.93 billion in August 2020 and $3.16 billion in September 2019.
Total Deposits by Trust Type
Thousands of dollars
|September 2020||August 2020||September 2019|
There were 100 new trusts issuing shares in September. Of that total, 94 were equity trusts, three were taxable bond trusts, and three were tax-free bond trusts.
In terms of maturity, short term bond trusts having an average weighted maturity of less than five years attracted the most deposits in September, with $39.35 million.
June 2020 figures: Data on the market value of unit investment trusts issued and outstanding as of June 30, 2020 indicates a total of 4,471 trusts with a value of $69.02 billion. According to reports of sponsors, on June 30, 2020, there were 1,579 tax-free bond trusts, with a market value of $6.56 billion; 546 taxable bond trusts, with a market value of $1.76 billion; and 2,346 equity trusts, with a market value of $60.69 billion.