OEICs voted in

Friday 31 July 1998 23:02 BST

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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.

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