open-end investment company

open-end investment company
( OEIC / SICAV) Euroclear Clearing and Settlement glossary
An Undertaking for Collective Investment in Transferable Securities ( UCITS). It has as a principal objective to manage a portfolio of securities for the account of its shareholders. Each one of its shareholders holds an interest in a fraction of the fund, proportionally with the total number of shares issued by the open-end investment company. OEICs continually sell new shares to the public and redeem outstanding shares on demand, resulting in an increase or decrease of outstanding capital. Euroclear Clearing and Settlement glossary

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open-end investment company open-end investment company also open-ended investment company company

Financial and business terms. 2012.

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  • open-end investment company — (OEIC / SICAV) An Undertaking for Collective Investment in Transferable Securities (UCITS). It has as a principal objective to manage a portfolio of securities for the account of its shareholders. Each one of its shareholders holds an interest in …   Euroclear glossary

  • open-end investment company — noun a regulated investment company with a pool of assets that regularly sells and redeems its shares • Syn: ↑mutual fund, ↑mutual fund company, ↑open end fund • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑ …   Useful english dictionary

  • Open-ended investment company — An Open ended investment company (abbreviated to OEIC, pronounced oik ) or Investment Company with Variable Capital (or ICVC) is a type of open ended collective investment formed as a corporation under the Open Ended Investment Company… …   Wikipedia

  • open-end investment company. — See mutual fund. * * * …   Universalium

  • open-end investment company — A mutual fund which will buy back its shares at net asset value and which is continuously offering to sell new shares to the public. See mutual fund …   Black's law dictionary

  • open-end investment company. — See mutual fund …   Useful english dictionary

  • closed-end investment company — noun a regulated investment company that issues a fixed number of shares which are listed on a stock market • Syn: ↑closed end fund • Hypernyms: ↑investment company, ↑investment trust, ↑investment firm, ↑fund * * * an investment company that… …   Useful english dictionary

  • closed-end investment company — an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them. Cf. open end investment company. * * * …   Universalium

  • open-ended investment company — OEIC An investment trust that operates an open end trust The size of its fund depends on the number of units sold …   Big dictionary of business and management

  • closed-end investment company — also closed ended investment company ➔ company * * * closed end investment company UK US noun [C] ► FINANCE an investment company that raises money by selling a fixed amount of shares which it does not buy back from investors: »DMC manages… …   Financial and business terms

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