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Open-ended investment company: Difference between revisions
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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. | {{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. | Most likely the jet stream, trade winds or a similar [[force majeure]] event. | ||
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[[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. | ||
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]]''. | |||
{{ | {{sa}} | ||
*[[Espievie]] | *[[Espievie]] | ||
*[[Unit trust]] | *[[Unit trust]] | ||
{{c2|Investment management|Channel Islands}} | {{c2|Investment management|Channel Islands}} | ||