OEIC: related pages

Collective investment vehicle

Any entity that allows investors to pool their money rather than buying securities directly.

ETF

An investment fund, units of which can be bought and sold on a stock exchange. Often used by tracker funds.

Investment trust

Companies whose sole business is to manage the investments it owns. A somewhat misleading term used for historical reasons.

NAV

The total value of a company’s assets less the total value of its liabilities, divided by the number of shares in issue.

Single price

A price for investment in a collective investment vehicle that applies to both buying and selling it.

Unit Trust

An investment vehicles that allows investors to pool money. The fund grows or shrinks as investors add or withdraw money from it.