An open-ended investment company (OEIC), is a type of collective or pooled investment fund in the UK. Money from many investors is pooled together, and professional fund managers will buy securities like stocks, bonds, and property according to an investment strategy.
OEICs are listed on the London Stock Exchange and investors buy shares in the company. Those shares are valued based on the underlying assets of the OEIC.
Investment strategies may be altered over time, and could include a mix of income and growth strategies, for example. There are charges and fees associated with investing in an OEIC. These could include initial charges, ongoing management fees and sometimes exit charges.
