which of these statements regarding unit investment trusts (uits) is correct? a) units in a uit are priced in the secondary market at a premium or discount to nav. b) uits are actively managed, as portfolio managers typically attempt to match the return of a stated index. c) at the maturity date of the portfolio, the securities are generally liquidated, and the proceeds are distributed to the investors or trust beneficiaries. d) the majority of uit offerings are listed on the major stock exchanges.

A portfolio manager (PM) is a qualified individual tasked with selecting investments and carrying out related tasks on behalf of invested people or organizations. Clients put their money into a retirement fund, endowment fund, or education fund as part of the PM's investing strategy in order to develop it in the future.

PMs are in charge of developing an investment strategy, choosing the right investments, and properly allocating each investment to an investment fund or asset management vehicle. They collaborate with a team of analysts and researchers to carry out these tasks.

An investment manager's objective is to generate a return that is higher than the return anticipated given the level of risk. Investors can keep track of this return through performance reports given by the PM on a weekly, monthly, quarterly, or annual basis. A performance benchmark or a comparison of the manager's investment approach to an index may be established.

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