Search results
Results From The WOW.Com Content Network
The company was established in 1974 by Robert Van Kampen in Chicago. He developed a niche bond product when he pioneered insurance coverage for tax-exempt bond funds. After New York City's near-default in 1975, investors flocked to Van Kampen's insured unit investment trusts.
First Trust is an American financial services firm based in Wheaton, Illinois.The firm is primarily engaged in issuing exchange-traded fund (ETF) products. However, it is also involved with other products such as unit investment trusts (UIT), mutual funds, and separately managed accounts for institutional investors.
Van Kampen's business career took him into the investment banking world, and he became one of the wealthiest men in the United States after founding the investment banking firm Van Kampen Merritt (later renamed to Van Kampen Investments) in 1974. In 1991, he founded another firm named Nike Securities which was later renamed to First Trust.
For premium support please call: 800-290-4726 more ways to reach us
A unit trust is an investment, usually good for beginning investors, that is similar to, but not the same as a mutual fund. Unit trusts pass profits directly to investors instead of reinvesting ...
A UIT portfolio may contain one of several different types of securities. The two main types are stock (equity) trusts and bond (fixed-income) trusts.. Unlike a mutual fund, a UIT is created for a specific length of time and is a fixed portfolio: its securities will not be sold or new ones bought except in certain limited situations (for instance, when a company is filing for bankruptcy or the ...
From August 2008 to December 2012, if you bought shares in companies when Frederick B. “Bart” Harvey III joined the board, and sold them when he left, you would have a -95.7 percent return on your investment, compared to a 13.2 percent return from the S&P 500.
From January 2008 to December 2012, if you bought shares in companies when John Seely Brown joined the board, and sold them when he left, you would have a 163.1 percent return on your investment, compared to a -2.8 percent return from the S&P 500.