Definition of open ended investment companies
Open ended investment companies:
Open Ended Investment Companies (OEICs) are investment funds similar to investment trusts. They are open-ended because they can take money from new investors at any time. Equally they can pay back investors whenever the investor chooses. OEICs often adopt an umbrella structure where the investor can get access through the umbrella fund to a number of sub-funds which invest with different objectives.
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