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Open-ended investment company (view source)

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An [[open-ended investment company]] is a [[special purpose vehicle]] designed to handle the collective investment in transferable securities.
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 it crossed the nearly 5,000 miles of open Atlantic ocean between its two habitats. 
[[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.
 
Probably the jet stream, trade winds or a similar [[force majeure]] event.  


[[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.
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.


Probably the jet stream and an equivalent [[force majeure]] event.
[[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.




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