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Open Ended Investment Companies (OEICs)

OEICs are funds that invest in securities issued by other companies. For example stocks & Share, corporate bond or Gilts. Investors buy shares in the fund, however if there is more demand for shares than currently available, the fund manager can simply creates more shares. Hence the name open-ended. The shares trade on a recognised exchange and are valued close to the value of the underlying assets. Unlike unit trusts there is no bid/offer spread, the difference between the buying and selling price.

The fund will have a specified objective and investment criteria to which the manager must adhere.

OEICs can be held in a wide range of investment vehicles such as ISAs, SIPPs, onshore and offshore bonds.


OEIC benefit from not having to pay CGT in the fund on any gains. The owner of the OEIC will have to pay CGT on the sale, subject to their own financial circumstances.

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The Mews, Queens Street, Colyton, Devon, EX24 6JU
Tel: 01404 598 168 
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32 Rolle Street, Exmouth,
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Raymond James Investment Services Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority (Updated 13/09/2018). Registered in England and Wales No. 3779657. Registered office: Broadwalk House 5 Appold Street London EC2A2AG. | RAYMOND JAMES is a registered trademark of Raymond James Financial, Inc. | Legal Disclosures