What is another word for investment trusts?
Pronunciation: [ɪnvˈɛstmənt tɹˈʌsts] (IPA) 
Investment trusts are investment companies that pool money from many investors to purchase a diversified portfolio of securities. They are also known as closed-end funds, which means they have a fixed number of shares that are traded on stock exchanges. Some commonly used synonyms for investment trusts include mutual funds, exchange-traded funds (ETFs), unit trusts, and collective investment schemes. While these terms all refer to investment vehicles that allow investors to pool their money together to purchase a diversified portfolio of securities, there are some differences. For example, mutual funds issue and redeem shares at net asset value (NAV), while ETFs are traded on stock exchanges like individual stocks.
