Now unit trusts can be converted into an open-ended investment company, fund managers are weighing u...
Now unit trusts can be converted into an open-ended investment company, fund managers are weighing up the pros and cons of the new system. Mike Mumford poses the question, to Oeic or not? Fund management houses have been contemplating recently whether to Oeic or not. The conversion of unit trusts to open-ended investment companies (Oeics) is a decision that has advantages and disadvantages for clients, advisers and fund management companies alike. AXA Sun Life has just completed its first Oeic conversion changing and merging 12 UK investing unit trusts into a UK Oeic with six sub funds. ...
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