Collectives

Collective investments involve pooling your money with other investors, resulting in a larger capital sum.

This allows you to access a broader selection of stocks, shares, and other investments compared to investing individually.

Collectives also have the ability to invest in fixed interest instruments such as UK government stocks (known as gilt-edged stocks) and corporate bonds.

Investment trusts are companies listed on the London Stock Exchange that primarily invest shareholders' funds in other companies or securities.
While there are some differences, investment trusts are similar to OEICs (Open-Ended Investment Companies) or unit trusts.

A unit trust is a type of collective investment where funds and investments are pooled and managed by trustees. The objective of a unit trust can be capital appreciation, income generation, or both.
Unit trusts are divided into units, which have their own buying and selling prices. The total value of an investor's holding is calculated by multiplying the number of units they own by the current unit price.

An Open-Ended Investment Company (OEIC) is like a unit trust, but it is legally structured as a limited company instead of a trust. Unlike unit trusts, OEICs do not have trustees.
Instead, they have a depository that holds the securities and performs similar responsibilities as a unit trustee.