The Uniform Prudent Investor Act (UPIA) is a uniform statute that sets out guidelines for trustees to follow when investing trust assets. It is an update to the previous prudent man standards intended to reflect the changes that have occurred in investment practice since the late 1960s. Specifically, the Uniform Prudent Investor Act reflects a modern portfolio theory (MPT) and total return approach to the exercise of fiduciary investment discretion.
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