OEIC
'Open-ended investment company' – a type of fund structured as a company. Unlike an investment trust, an OEIC doesn't have a fixed amount of shares, so can fluctuate in size. That’s why OEICs are called ‘open-ended’ – because they can create new shares to meet investor demand.
OEICs cancel the shares of investors who exit the fund. The price of the shares is determined by the value of the investments the fund holds, rather than supply and demand.
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