Fifth Third Bancorp of Cincinnati began selling shares in its second proprietary unit investment trust Friday.The Strategic Communications and Technology Trust, Series 2, invests in a fixed basket of 42 stocks from software, telecommunications, hardware, networking, semiconductor, and fiber optics companies. The initial unit price is $10 and the investment will mature on Feb. 15, 2002.

The unit trust will try to capitalize on the recent performance of technology stocks by investing in the sectors driving those returns, said Tom Williams, a vice president of Fifth Third Securities Inc.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.