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Open-ended investment company: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with " 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 launch...") |
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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}} | ||