open-ended investment company
- open-ended investment company
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An investment fund of variable size in corporate form. It is a collective investment scheme that acquires investments such as stocks and shares, gilts, bonds and cash with the aim of spreading investment risk and giving its investors (who hold shares in the OEIC) the benefit of the results of the management of those investments. OEICS are defined in section 236 of the Financial Services and Markets Act 2000.
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
Open-Ended Investment Company — ( OEIC) An investment company fund set to replace unit trusts. The main differences are that they quote a single price rather than a bid/offer spread and have a company structure like investment trusts. Financial Services Glossary * * * open… … Financial and business terms
open ended investment company — (OEIC) An investment fund of variable size in corporate form. It is a collective investment scheme that acquires investments such as stocks and shares, gilts, bonds and cash with the aim of spreading investment risk and giving its investors (who… … Law dictionary
Open-ended investment company — An Open ended investment company (abbreviated to OEIC, pronounced oik ) or Investment Company with Variable Capital (or ICVC) is a type of open ended collective investment formed as a corporation under the Open Ended Investment Company… … Wikipedia
Open Ended Investment Company - OEIC — A type of company or fund in the UK that is structured to invest in other companies with the ability to adjust constantly its investment criteria and fund size. The company s shares are listed on the London Stock Exchange, and the price of the… … Investment dictionary
open-end investment company — ( OEIC / SICAV) Euroclear Clearing and Settlement glossary An Undertaking for Collective Investment in Transferable Securities ( UCITS). It has as a principal objective to manage a portfolio of securities for the account of its shareholders. Each … Financial and business terms
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Open-ended investment company — /ˌəυpən ˌendɪd ɪn vestmənt ˌkʌmp(ə)ni/ noun a new form of unit trust, in which the investor purchases shares at a single price, as opposed to the offer/bid pricing system used by ordinary unit trusts. Abbreviation Oeic … Dictionary of banking and finance
open-ended investment companies — ( OEICs) A form of collective investment scheme which is designed to incorporate favourable aspects of both investment trusts and unit trusts. It is legally speaking a company which issues shares, like an investment trust. However, whereas an… … Financial and business terms
investment company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. investment company … Law dictionary
closed-end investment company — also closed ended investment company ➔ company * * * closed end investment company UK US noun [C] ► FINANCE an investment company that raises money by selling a fixed amount of shares which it does not buy back from investors: »DMC manages… … Financial and business terms
