What are Open-Ended Investment Companies (OEIC)?
An OEIC is similar to a unit trust in many ways but is structured as a corporate entity instead of a trust. As with a unit trust, an OEIC resident in the UK may be authorised or unauthorised and if it is not resident in the UK it is an offshore fund. Somewhat confusingly OEICs are also referred to as Investment Companies with Variable Capital (ICVC) where the OEIC is also a UCITS.
