Scotia Independent Financial Services

Investments

• Risk and Reward
• Unit Trusts
• OEICs
• Investment Trusts
• Government Gilts
• Corporate Bonds
• Risk & Reward Questions

Latest News

Funds

• 3i to buy Barclays Infrastructure Funds Management
• Pension funds relieved as EU drops capital rules proposal
• European money market funds face cash buffer rule

Stocks and Shares

• Markets face rough summer ride as Fed pullback feared
• Rich country investors returning home
• As U.S. economy strengthens, a bonds sell-off may beckon

Personal Finance

• Co-op Bank stops lending to new corporate clients
• FCA fines JPMorgan 3 million pounds
• European money market funds face cash buffer rule

Markets

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 have similarities with 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 Financial Conduct Authority. The rules are based on specifically written company law, whereas unit trusts are based on 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 
  
  

  THE VALUE OF INVESTMENTS AND INCOME FROM THEM MAY GO DOWN. YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED.