The antigua citizenship by investment unit ciu was established by the honourable prime minister of antigua and barbuda pursuant to the 2g of the citizenship investment act and is the sole government authority responsible for processing all applications for agent s licenses and all applications for citizenship by investment by applicants and their family. Unit investment trusts uit buy a fixed portfolio of securities and allows investors to redeem their units similar to a mutual fund.
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Investors can redeem shares directly with the fund at any time similar to an open end fund or wait to redeem them upon the trust s termination.
Investment units. More definition of an equity unit investment trust euit. Unit investment trusts uits are issued to the public only once when they are created. Uits generally have a limited life span established at creation.
A unit investment trust uit is an investment company that offers a fixed portfolio generally of stocks and bonds as redeemable units to investors for a. What is a unit investment trust uit.
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