• Fyfe Financial Limited
  • 119 Ecclesall Road South
  • Sheffield
  • South Yorkshire
  • S11 9PJ
  • Tel: 0114 2621943
  • Fax: 0114 2365849

 

 FFL Logo

 

A REPRESENTITIVE OF PARKWAY INSURANCE SERVICES

Authorised and Regulated by the Financial Services Authority

699 STANIFORTH ROAD, SHEFFIELD S9 4RE  T: 0114 244 2233

 

Registration No 4421513 England

Registered Office: 119 Ecclesall Road South, Sheffield S11 9PJ

OEICs

What is an OEIC?

  • Open-Ended Investment Companies are often referred to as the modern day and flexible equivalent of the unit trust. They combine the elements of unit trusts and Investment trusts enabling you to pool your investments along with other investors. This helps to spread the risk and enables you to take advantage of the skills of a professional managing the fund.

  • OEICS are regulated by the FSA. The rules are based on specifically written company law, whereas unit trusts are based on old trust law.

  • OEICS have a single price for buyers and sellers and the charges are shown separately. A unit trust has a separate buying and selling price (bid/offer spread).

  • The OEIC share price directly reflects the underlying assets of the portfolio

  • An Umbrella Fund structure, which means that there are different classes of share. Each sub share fund can be invested in a different area if required.

 

OEICs

What is an OEIC?

  • Open-ended investment companies are often referred to as the modern day and flexible equivalent of the unit trust. They combine the elements of unit trusts and Investment trusts enabling you to pool your investments along with other investors. This helps to spread the risk and enables you to take advantage of the skills of a professional managing the fund.

  • OEICS are regulated by the FSA. The rules are based on specifically written company law, whereas unit trusts are based on old trust law.

  • OEICS have a single price for buyers and sellers and the charges are shown separately. A unit trust has a separate buying and selling price (bid/offer spread).

  • The OEIC share price directly reflects the underlying assets of the portfolio

  • An umbrella fund structure, which means that there are different classes of share. Each sub share fund can be invested in a different area if required.

 

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