Open Ended Investment Company: a type of collective investment fund that is incorporated but open ended.... more on: OEIC
Open Ended Investment Company. Effectively a 'hybrid' unit trust/investment trust with a board of directors, shareholders, a variable capital base, single pricing for buying and selling and able to issue difference classes of share.
A collective fund similar to a unit trust where people pool their money enabling them to invest in a wide range of investments. Like a unit trust, it is open ended (i.e. the size of the fund is not fixed), and your money buys shares in the company managing the fund instead of buying units. back
a company and investors purchase shares in the company
a company set up to invest in other companies, and is itself a fund that manages the money of its investors
a company that grows as new investors are added
a company whose business is managing an investment fund
an investment fund which is listed at a single price but with the ability to issue or redeem shares to match demand, like a unit trust
a pooled investment, which allows you to spread your investment across a wide range of assets, which helps reduce risk
a type of collective investment scheme
This stands for Open Ended Investment Company. These are a type of unit trust that have converted into a company.
Stands for Open Ended Investment Company. A type of Collective Investment now tending to replace unit trusts.
Open Ended Investment Company. These are replacing unit trusts and indeed many unit trusts are already converting to them. Ostensibly, they will be simpler for investors to understand and the charges will be lower as there will not be a bid-offer spread between the buying and selling prices.
OEIC stands for Open Ended Investment Company, which is an alternative structure for a collective investment scheme. These are similar to unit trusts, but are constituted as companies rather than trusts.
Abbreviation for Open Ended Investment Company. OEICs and Unit Trusts, are investment funds that"pool" investor's money. ICVC (Investment Company with Variable Capital) is a newer name for the well-established OEIC structure. Unit trusts differ from OEICs & ICVCs, in that they have dual pricing, with a bid to offer price spread. OEICs / ICVCs have a single price for buying and selling, based on the daily valuation of the underlying investments carried out at their mid-market price. While technically speaking the structure of the three types of funds are different, from an investor's perspective they are the same.
Acronym for open ended investment company. An investment company providing a product where the number of units/shares on issue can be added to. The investment company must be prepared to buy back its units/shares on any day for their current asset value.
Open Ended Investment Company This is the investment vehicle which almost all Unit Trusts have converted to. It is a Company open to investment run by its directors. These havebecome prevalent in the UK as the UK Investment industry has adopted theEuropean investment structure for its Investment vehicles. Investors buy shares in the company and unlike Investment Trusts it can issue an unlimited number of shares. OEICs do not carry a bid/offer spread as the shares are traded on a single price, based on the Net Asset Value, see above, of the fund. However, initial charges are deducted to cover expenses and commissions and shown separately. A Dilution Levy, see above, may also be applicable.
Open Ended Investment Company; A collective investment similar to a unit trust, but with a more transparent charging system.
Pronounced as "oiks", this stands for Open-Ended Investment Companies. Although not dissimilar to unit trusts and investment trusts, an OEIC is basically a company which can be self-contained or it can form an "umbrella" over a range of individual funds (sometimes referred to as sub-funds). Instead of units, an OEIC issues shares and these can be of different classes - for example, for income accumulation, for income distribution, or classes where income is paid gross or net of lower-rate income tax. Save & Prosper's New Europe Fund is an OEIC.
Open Ended Investment Company. New corporate structure introduced in 1997. It is a form of collective investment vehicle.
OEIC stands for open ended investment company. They are collective investments that allow investors to diversify their portfolio by pooling their money with other investors. Many investment houses, including Henderson Global Investors, have replaced their unit trusts with OEICs as, with only one price, they are a more transparent investment vehicle.
An alternative to collective investment schemes such as unit trusts and investment trusts. Many UK fund management companies have already converted their trusts into OEICS.
Acronym for open ended investment company. For further definition, see open ended investment company.
Open Ended Investment Company. OEICs have been familiar in continental Europe and Offshore for some time. They are now permitted in the United Kingdom and a number of unit trusts have been converted into OEICs. Basically, the OEIC is an investment company where shares can be created or cancelled to match demand, in a way similar to the units of a unit trust. The principal difference lies in the fact that there is a "single price" to which is added the initial charge for purchase.
Open Ended Investment Company. Open-ended mutual funds that may have several sub funds and different share classes.
An "Open Ended Investment Company" - a type of unit trust that has converted into a company.