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.
+{{a|entity|}}The [[Oeic]] (also known, misleadingly, as the “St. Hellier [[espievie]]”) is an animal long rumoured to inhabit the [[Guernsey]] scrublands, but which had never been verified before its discovery by maverick Jersey naturalist [[Ichabod Mourant]] in the 1950s. Subsequent examination revealed the [[Oeic]] to be genetically identical to the Cayman [[espievie]], and debate rages to this day as to how the flightless, defensive and rather stupid animal crossed the nearly 5,000 miles of open Atlantic ocean and managed to establish itself in a markedly different habitat with so little disadvantage.
+Most likely the jet stream, trade winds or a similar [[force majeure]] event.
+Since their discovery [[Oeic]]s have been successfully domesticated and today are most commonly encountered as [[open-ended investment company|open-ended investment companies]]  — [[investment vehicle]]s designed to handle 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.
-It is not true that [[Oeic]]s were discovered in the wild by [[Ichabod Mourant]] in the 1950s, however entertaining that idea may be.
+Trivia point: [[OEIC]] was the name of the villainous robot in Muriel Repartee’s 1953 B-grade sci-fi gem ''[[The Day of the MiFID]]''.
-{{seealso}}
+{{sa}}
 *[[Espievie]]
 *[[Unit trust]]
-{{c|Investment management}}
+{{c2|Investment management|Channel Islands}}