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Investment Trusts are companies set up to invest in shares.
There are Investment Trusts in all sectors and buying costs are about 1-2%.
There is a big debate about which is best, an Investment Trust or a Unit Trust. In truth both are good and the key factor should be that the managers approach meets your aims and objectives.
They can be used in ISAs and PEPs. See also the special case of Split Capital Investment Trusts.
Tax
As Shares