Unit investment trusts attracted $4.12 billion in deposits in the first five months of 1994, slightly ahead of last year's pace, the Investment Company Institute reported.
The trusts, which represent shares in a fixed portfolio of bonds or stocks, pulled in $3.95 billion in the first five months of 1993.
Deposits grew by $860.3 million in May, according to the institute.
Equity trusts were the top sellers, gaining $1.67 billion in the first five months of 1994, up 52% from $1.1 billion in the January to May period last year.
Tax-free bond trusts followed, with $1.7 billion in new deposits so far this year. That is down from $2.15 billion in the first five months of 1993.