What is an 'OEIC'? Definition & meaning

More terms

Wall Street

A street in New York that became a figure of speech for the financial markets of the US.

Key Information Document (KID)

A document issued by an investment fund to help investors determine if it's the right fund for them.

NASDAQ

A US stock exchange specialising in the shares of technology companies.

index-linked gilts

Gilts where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI). This is as opposed to a conventional gilt, where the dividends and principal repayments are fixed in nominal terms.

Forward pricing

Mutual funds are traded on a forward pricing basis, meaning the price you see will be different to the price you may trade at.

Spot Rate

The currency exchange rate a bank quotes, valid with immediate effect.

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Investment Trust

A company that pools money together from multiple investors and then invests it.

Money laundering

A method of moving money obtained illicitly through the financial system so it can be used legally.

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OEIC