That compares with $2.59 billion in April 2000,
according to the ICI.
Deposits to equity trusts totaled $972.9 million in April, compared with $2.54 billion in April 2000. Tax-free bond trusts issued shares in April with deposits of $112.5 million compared with $41.9 million in April 2000, and shares issued in April by taxable bond trusts reached $27.9 million compared with $7.5 million in April 2000.
There were 24 new tax-free bond trusts issuing shares in April, five new taxable bond trusts, and 50 new equity trusts.
At year-end, there were 10,071 unit investment trusts with a market value of $88.75 billion.