Investment trust sales up sharply.

Some $941 million poured into unit investment trusts in September, bringing sales to $7.38 billion during the first nine months of the year.

This compares with $6.65 billion in the first nine months of 1992, according to the Investment Company Institute.

Unit investment trusts are investment companies that buy fixed portfolios of stocks or bonds.

Investment trusts made up of tax-free bonds grew to $3.69 billion through September, compared with $3.5 billion in the first nine months of 1992, ICI said.

Investments in equity trusts more than doubled to $2.48 billion through September, compared with $1.28 billion for the first nine months of 1992.

Sales of taxable bond units were $1.21 billion through September, compared with $1.87 billion the same period a year ago.

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