OEICs

OEICs

Two of the most popular types of fund are unit trusts and open-ended investment companies (OEICs). Open-ended means that the number of shares in the fund increases as money goes in and decreases as it goes out. A unit trust is an open-ended pooled investment vehicle, divided into units. When more money is invested in the fund, more units are created.

 
 
Unit trusts

Unit trusts

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