OEICSOpen-Ended Investment Companies
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Thus, OEICs could be sold throughout Europe--unlike unit trusts, which
The fund will have the structure of an open ended investment company (OEIC) incorporated in the DIFC.
People withdrew pounds 31.3 million form UK-based unit trust and OEIC (open-ended investment companies) ISAs during the month, the first time deposits have been negative for a year.
The amount of money people were investing on a regular basis in collective investment schemes, such as unit trusts and OEICs (Open-ended Investment Companies) soared by nearly 51 per cent during the six months.
``But there are still a lot of good plans, such as OEICs (open-ended investment companies) and unit fund ISAs.
Investment Centre, for instance, lists fund management, equity ISAs, unit trusts and OEICs, PEP transfers, investment trusts, offshore investment, derivatives and FOREX, and investment and savings calculations.
There has been considerable R&D in the field of photonic integrated circuits (PICS) sometimes also referred to as opto-electronic ICs (OEICS) - in an effort to combine a laser and an amplifier or a laser and a modulator on a single chip.
Although the price will be closely related to the value of the underlying assets, it will not necessarily be identical, unlike unit trusts and OEICs, where the units /shares are valued and traded at net asset value (NAV) set once a day.
A typical total expense ratio of an ETF is between 0.3 and 0.4 per cent compared with about 1.6 per cent for actively managed funds while indextracker OEICs have charges of up to one per cent.
Equity income funds, either OEICs or investment trusts, focus on dividend-paying firms such as GlaxoSmithKline, AstraZeneca, BAT and BT.
See www.themoneymap.co.uk QCOULD you explain OEICs and unit trusts to me?