The conversion of the UK's sprawling unit trust industry to the new Oeic structure has gradually bee...
The conversion of the UK's sprawling unit trust industry to the new Oeic structure has gradually been gathering momentum since the regulations were first introduced in 1997. Global Asset Management was the first company to launch a full Oeic with its Japan Growth Fund which was quickly out of the blocks in May of 1997. Since then, the industry's progress has been somewhat piecemeal (see Table 1) with providers generally adopting the new corporate fund structure as new fund launches allow or else wait for the right time to convert their entire range of funds. In the majority of cases, this ...
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