What is an 'OEIC'? Definition & meaning

More terms

DMO

The United Kingdom Debt Management Office. It’s an executive agency responsible for managing the government’s debt and cash needs, primarily through issuing gilts and Treasury bills.

Net Asset Value (NAV)

The value of a company's assets relative to the number of shares it has.

Base rate

What's the base rate?

Net asset value

Mutual funds and investment trusts are priced on their net asset value (NAV).

Money weighted rate of return

Learn what Money Weighted Rate of Return or MWRR stands for in finance.

Maturity date

The date on which a gilt is redeemed and the gilt holder receives the repayment of the nominal amount and final dividend or coupon payment.

Arithmetic Mean

The sum of a set of numbers added together and then divided by the total amount of numbers in that set.

Synthetic ETFs

An ETF that that reproduces the return of an index through the use of swaps.

UK Treasury bill

A debt instrument issued by the UK government with a maturity of less than one year.

OEIC