OEICs voted in
OEICs voted in
INVESTORS IN nine existing Standard Life unit trusts yesterday voted overwhelmingly to convert them into OEICs, the new open-ended investment companies which will allow UK managers to market their products on the Continent. The new-style investments will legally be companies in their own right and will have a single quoted price, with initial charges and annual management charges shown separately.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies