Which Products are included in Offshore Boffin?
The plans included here are free of local taxes. The investor may be liable to taxes in his country of residence or domicile. Certain shares called Open Ended Investment Companies, or OEICs, are included. Investors buy shares in OEICs. Professional investment management companies invest these funds in the shares of other companies. As a result, shares in OEICs are less risky than those in the individual companies in which they are invested. Two types are included: – • OEICs offering regular contribution plans to help savers build up a shareholding. • OEICs offering several classes of shares from which investors can make a selection. Each class of shares is invested in different groups of companies. For example, one class might be invested in shares in technology companies, another in, say European companies. These OEICs are called “Umbrella Funds”. All other products we include are known as “packaged products.” These products usually invest in collective investment funds managed by pro
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