Open-ended investment company: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 21/8/13) |
||
| Line 1: | Line 1: | ||
(OEIC). | (OEIC). | ||
A limited company listed on a stock exchange whose sole aim is to invest in securities issued by other entities. | A limited company listed on a stock exchange whose sole aim is to invest in securities issued by other entities. | ||
Unlike an investment trust, there is no limitation on the number of shares that can be issued (it is an open-ended structure). The value of the shares is determined by the OEIC’s underlying assets; however, there is no bid-offer spread. | Unlike an investment trust, there is no limitation on the number of shares that can be issued (it is an open-ended structure). | ||
The value of the shares is determined by the OEIC’s underlying assets; however, there is no bid-offer spread. | |||
OEICs can be the underlying structure for a single fund or the umbrella fund for a family of sub-funds. | OEICs can be the underlying structure for a single fund or the umbrella fund for a family of sub-funds. | ||
== See also == | == See also == | ||
| Line 10: | Line 14: | ||
* [[Security]] | * [[Security]] | ||
* [[Undertaking for collective investments in transferable securities]] | * [[Undertaking for collective investments in transferable securities]] | ||
Revision as of 15:00, 21 August 2013
(OEIC).
A limited company listed on a stock exchange whose sole aim is to invest in securities issued by other entities.
Unlike an investment trust, there is no limitation on the number of shares that can be issued (it is an open-ended structure).
The value of the shares is determined by the OEIC’s underlying assets; however, there is no bid-offer spread.
OEICs can be the underlying structure for a single fund or the umbrella fund for a family of sub-funds.
