Definition of CITs (Collective Investment Trusts) #
CITs, or Collective Investment Trusts, is a type of pooled investment vehicle offered by banks and trust companies that combines assets from multiple investors to achieve common financial goals. Typically utilized in retirement plans like 401(k)s, CITs operate similarly to mutual funds but are regulated differently, allowing for reduced fees and increased flexibility. These trusts are designed to provide institutional investors with cost-effective and diversified investment options, making them an attractive choice for managing retirement assets.
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