noun acronym for
- 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
Oeics, unlike unit trusts, are prohibited from investing in funds-of-funds, cash funds
and derivatives-based funds.
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