OEIC
noun[C]
FINANCEUKukusabbreviationforopen-endedinvestmentcompany: aninvestmentfundin which you canbuyshares. The OEIC theninveststhemoneyin othercompanies:
With an OEIC there is only onepricefor bothbuyersandsellers,unlikeunittrustswhere there are twoseparateprices.
See also
ICVC