Eaton Vance Distributors Launches Suite of First Unit Investment Trusts
NEW YORK— Paul Hastings LLP, a leading global law firm, announced today that the firm advised Eaton Vance Distributors, Inc. ("EVD"), a wholly-owned subsidiary of Eaton Vance Corp. (NYSE: EV), on the launch of its first unit investment trusts ("UITs"). EVD's initial offerings are a suite of three thematic equity UITs that utilize the research capabilities of its affiliated investment adviser, Eaton Vance Management.
Eaton Vance Corp. is one of the oldest investment management firms in the United States, with a history dating to 1924. Eaton Vance and its affiliates managed $298.9 billion in assets as of September 30, 2015, offering individuals and institutions a broad array of investment strategies and wealth management solutions.
Unit investment trusts are unmanaged fixed term portfolios and the underlying securities are not intended to change throughout a life of a portfolio. The redemption value of units will vary day to day to reflect fluctuations in the market value of the underlying securities.
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