Eaton Vance Launches First Unit Investment Trusts

Nov 09, 2015, 12:00 ET from Eaton Vance Corp.

BOSTON, Nov. 9, 2015 /PRNewswire/ -- Eaton Vance Distributors, Inc. ("EVD"), a wholly-owned subsidiary of Eaton Vance Corp. (NYSE: EV), announced today the launch of its first unit investment trusts ("UITs"). EVD's initial offerings are a suite of three thematic equity UITs that utilize the research capabilities of its affiliated investment adviser, Eaton Vance Management. 

"Building UIT portfolios provides an opportunity to put the fundamental research of our analysts to work in vehicles designed to help investors gain targeted exposure to themes, trends and specific segments of the market," said Edward J. Perkin, CFA, Chief Equity Investment Officer, Eaton Vance Management. "We believe this presents a compelling way for investors to fine-tune their equity exposure within their overall investment portfolios."

According to the Investment Company Institute, UITs reached $101.0 billion in net assets at the end of 2014 and have continued to attract deposits this year. A UIT is a pooled investment vehicle in which a portfolio, generally of stocks or bonds, is selected by the sponsor (in this case, EVD) and deposited into a trust. Except in limited circumstances, the portfolios of UITs are fixed and unmanaged.  UITs offer redeemable units and terminate at a predetermined point in time. UITs can be designed to seek various investment objectives, including capital appreciation, dividend income and total return.

"We have been seeing demand from the marketplace for Eaton Vance to offer UITs," commented Matt Witkos, President of EVD. "This is an exciting opportunity to broaden and complement the range of innovative investment choices we are offering to financial advisors and the investors they are serving."

Eaton Vance Corp. (NYSE: EV) is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $298.9 billion in assets as of September 30, 2015, offering individuals and institutions a broad array of investment strategies and wealth management solutions. The Company's long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made Eaton Vance the investment manager of choice for many of today's most discerning investors. For more information, visit  

Unit investment trusts are unmanaged portfolios and the underlying securities are not intended to change throughout a life of a portfolio. The redemption value of units will vary day to day to reflect fluctuations in the market value of the underlying securities. Accordingly, units redeemed may be worth more or less than their initial value and investors may lose money. Before investing, investors should consider carefully the investment objectives, risks, charges and expenses of a unit investment trust. This and other important information is contained in the prospectus, which can be obtained from a financial advisor. Prospective investors should read the prospectus carefully before investing.

Not FDIC Insured • Not Bank Guaranteed • May Lose Value

For more information, please contact us at:   Eaton Vance Distributors, Inc. Member FINRA/SIPC  Two International Place  Boston, MA  02110  800-836-2414


SOURCE Eaton Vance Corp.