Some $938.9 million poured into unit investment trusts in July, bringing their total for the first seven months of the year to $5.58 billion, according to the Investment Company Institute.

This compares with $5.23 billion for the same period last year, the Washington trade group said. Unit investment trusts are investment companies that buy fixed portfolios of stocks or bonds.

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.