Definitionsnoun 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 back., ⇒ Oeics, unlike unit trusts, are prohibited from investing in funds-of-funds, cash funds and derivatives-based funds.
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