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Open-ended investment company: Difference between revisions
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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. | ||
[[Oeic]]s (also known, misleadingly, as the “St. Hellier [[espievie]]”) | [[Oeic]]s (also known, misleadingly, as the “St. Hellier [[espievie]]”) an animal long rumoured to inhabit the [[Guernsey]] scrublands, but which had never previously been verified before its discovery in the wild by the 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 it crossed the nearly 5,000 miles of open Atlantic ocean between its two habitats. | ||
Probably the jet stream and an equivalent [[force majeure]] event. | |||
{{seealso}} | {{seealso}} | ||