Open-ended investment company: Difference between revisions
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An [[open-ended investment company]] is a [[special purpose vehicle]] designed to handle the collective investment in transferable securities. | |||
[[OEIC]]s quote a single price rather than a [[bid]] and [[offer]] price and they are governed by [[company law]] rather than [[trust]] law. Most new open-ended funds launched today are established as [[OEIC]]s and it is expected that, over time, most [[unit trust]]s will convert to [[OEIC]]s. | [[OEIC]]s quote a single price rather than a [[bid]] and [[offer]] price and they are governed by [[company law]] rather than [[trust]] law. Most new open-ended funds launched today are established as [[OEIC]]s and it is expected that, over time, most [[unit trust]]s will convert to [[OEIC]]s. | ||
It is not true that [[Oeic]]s were discovered in the wild by [[Ichabod Mourant]] in the 1950s, however entertaining that idea may be. | |||
{{seealso}} | |||
*[[Espievie]] | |||
*[[Unit trust]] | |||
{{c|Investment management}} | {{c|Investment management}} | ||
Revision as of 17:46, 27 October 2017
An open-ended investment company is a special purpose vehicle designed to handle the collective investment in transferable securities. OEICs quote a single price rather than a bid and offer price and they are governed by company law rather than trust law. Most new open-ended funds launched today are established as OEICs and it is expected that, over time, most unit trusts will convert to OEICs.
It is not true that Oeics were discovered in the wild by Ichabod Mourant in the 1950s, however entertaining that idea may be.