English Dictionary

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OEIC (ɔɪk) 


noun acronym for

  1. open-ended investment company   ⇒  ■ The new pooled investment vehicle - which some believe will eventually replace unit trusts altogether - is the Oeic.,   ⇒  ■ From the consumer's point of view, the main difference between an Oeic and a unit trust is that Oiecs are bought and sold at a single price. Unit trusts have a bid-offer spread, which means there is a difference of about 5 per cent between the price at which the fund manager will sell you units and the price at which it will buy them back.,   ⇒  ■ Oeics, unlike unit trusts, are prohibited from investing in funds-of-funds, cash funds and derivatives-based funds.


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