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.

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