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Open Ended Investment Companies (OEICs)
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OEICs are funds that invest in securities issued by other companies. Investors buy shares in the fund, however if there is more demand for shares than currently available, the fund manager can simply create more shares. Hence the name open-ended. The shares trade on the London Stock Exchange and are valued close to the value of the underlying assets. Unlike unit trusts there is no bid/offer spread.

The fund will have a specified objective and investment criteria.

OEICs can be held in a wide range of investment vehicles such as ISAs, SIPPs, onshore and offshore bonds.

 

They benefit from not having to pay CGT in the fund on any gains. The owner of the OEIC will have to pay CGT on the sale, subject to their own financial circumstances.

 
 
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