Like OEICs, unit trusts consist of a manager who buys stocks and bonds for holders of a fund, in an open-ended format. The two mainly differ in the way they are priced. Unit trusts will have two prices:. Many investment companies have been converting unit trusts into OEICs for this reason. One such is Fidelity International, an overseas division of Fidelity Investments. Accessed July 6, FT Adviser.
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Personal Finance. Your Practice. Popular Courses. Investing Mutual Funds. OEICs offer a professionally managed portfolio of pooled investor funds that invests in different equities, bonds, and other securities. OEICs are priced once a day, based on the net asset value of their underlying portfolio assets. Most OEICs carry sales charges and annual management fees, known as the ongoing charges figure. Pros Offer professional money management Have diversified portfolios, mitigating risk Are highly liquid Feature low investment minimums.
Cons Carry high annual fees, sales charges Incur taxes Must maintain cash reserves, restricting returns Require mid-to-long-term investment horizon. Issue: 13 Jul - Page 22 Contents. Emily Perryman. Issue Contents. Editor's View. Ten years since the credit crunch market sell-off. What to expect in your first year of investing. Does a fund need more than one person to run it? Great Ideas Update. Positive trends and potential put spotlight on UDG. Equiniti is an essential portfolio pick.
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Celtic Tiger Definition Celtic Tiger refers to the country of Ireland during its economic boom years between and around
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