what is investment trust
In many respects, the investment trust was the progenitor of the investment company in the U.S. The name is somewhat misleading, given that (according to law) an investment trust is not in fact a  trust  in the legal sense at all, but a separate legal person or a company.This matters for the fiduciary duties owed by the trustees and the equitable ownership of the fund's assets.he first investment trust was the Foreign & Colonial Investment Trust, started in 1868 to give the investor of moderate means the same advantages as the large capitalists in diminishing the risk of spreading the investment over a number of stocks.