Are investment trusts the same as OEICs and unit trusts?
No, but they do work in a similar way to unit trusts, pooling money from smaller savers and investing that money. The key differences are that they are closed-ended (the number of shares in issue is fixed) and are companies listed on the stock exchange in their own right which means that the share price of the investment trust can move independently of the assets owned by the trust. Investment trusts have generally performed better than unit trusts, but they are slightly riskier.
