OEICs are a hybrid between which two types of investment?

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OEICs are a hybrid between unit trusts (which pool investors' money together to buy investments) and investment trusts (which are quoted on the stock market and have a fixed number of shares). Like unit trusts, OEICs are open-ended and can issue and cancel shares as investors buy and sell, but like investment trusts, they can invest in a wider range of assets such as property and private equity.

OEICs Are a Hybrid Between Which Two Types of Investment