UITs are investment companies that hold fixed portfolios of selected stocks or bonds. At year-end 2005 there were 4,464 tax-free bond trusts, with a market value of $9.98 billion; 304 taxable bond trusts, with a market value of $2.28 billion; and 1,251 equity trusts, with a market value of $28.63 billion, according to data compiled by the Investment Company Institute.

New markets

"The Sabrient Select Growth UIT offers an opportunity to investors who would not otherwise have the opportunity to participate in Sabrient's institutional-level quantitative strategies," says David Cohen, Claymore's managing director.

Claymore Securities is a privately-held investment-platform provider. The Lisle, Ill.-based firm supervises, manages, services or distributes around $13-billion in assets through closed-end funds, UITs, mutual funds, separately managed accounts and exchamge-traded funds.

Santa Barbara, Calif.-based Sabrient Systems is an independent equity research firm provides fundamentals-based, quantitative equity research products to large and small asset managers, hedge funds, financial planners, and registered investment managers. -FWR

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