Definitions for "Open-Ended Investment Company"
Keywords:  oeic, redeem, trust, umbrella, fund
A type of collective investment scheme structured as a company in which investors can buy and sell shares. The price of the shares is based on the value of the investments the company has invested in.
An open-ended fund in the form of a company which issues shares rather than units. In practical terms, similar to a unit trust.
An OEIC is an investment fund which is listed at a single price but with the ability to issue or redeem shares to match demand, like a unit trust.