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Open-ended investment company (view source)
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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]]''. | |||
{{seealso}} | {{seealso}} | ||