Exercise
Fill in the blanks.
1. A UIT sells units of securities also known as _____.
2. The most well-known ETF is the Standard & Poor’s _____.
3. The investment portfolios held by ETFs and other UITs are not actively managed, so the investor will have no _____.
4. Non-traditional ETFs use _____ to generate profits.
5. An advantage and disadvantage of investing in a UIT is that the portfolio _____.
6. UIT units must be sold with _____.
7. ETF investors do not have to pay a front- or back-