An OEIC (Open-Ended Investment Company) is a collective investment that takes its structure from both a unit trust and an investment trust. An OEIC is single-priced and issues shares like an investment trust. However, rather than buying and selling shares on a stock exchange, people investing in OEICs transact with the fund company.
Several UK fund management companies have converted their unit trusts to OEICs. The motivation for conversion is often cited as a simplification and pre-cursor to offering funds Europe-wide under EU rules.
For our comprehensive list of OEICs that can be filtered by Morningstar category and fund company, we recmmned using our
Fund QuickRank tool.
