Scotia Independent Financial Services

Investments

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

Latest News

Funds

• Ashmore profit rise offsets falling fees
• Gibraltar to scrap curb on funds to lure customers
• Chinese, Texan and classic on hedge fund menu

Stocks and Shares

• Huge private debts pose bigger hurdle for euro zone
• China's policy-led slowdown spawns property showdown
• Goldman's top brass gun for cash bonuses

Personal Finance

• Banks shell out 1.9 billion pounds for mis-selling
• Economy set for moderate recovery - Bank's Bean
• Small businesses seek crowds as funding alternative

Markets

• Euro denominated oil hits record
• Hopes for German economy lifts sentiment
• RBS leads rebound in London’s banking sector

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 Services 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.