Union Bank has been doing a brisk business in unit investment trusts.

The San Francisco-based bank began selling its proprietary unit investments Jan. 15 and has so far racked up $2 million in sales, according to R. Gregory Knopf, managing director for Union Bank's Stepstone Funds.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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