What is the difference between Unit Trusts and OEICs?
Although both unit trusts and OEICs are open-ended investments (meaning more shares or units can be issued or cancelled according to supply and demand at any stage), there are a few key differences: • – Unit trusts issue units and OEICs issue shares. • – Unit trusts generally have two prices, a bid price at which you sell and an offer price at which you buy; OEICs have one price, called the single price at which you buy and sell. • • The conduct of both Unit Trusts and OEICs is overseen by independent parties. For Unit Trusts there is a trustee, for OEICs it is a depository.
