Open Ended Investment Companies (OEIC's)

OEIC's operate in a similar way to Unit Trusts except the fund is actually run as a company. 

OEIC's are open ended funds which mean they can get larger or smaller depending on the number of investors who wish to buy or sell shares. As more people invest in the fund the number of underlying shares grows. As they sell the number reduces.

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