What is an 'OEIC'? Definition & meaning

More terms

Conventional gilts

Gilts where the dividends and principal repayments are fixed in nominal terms. This is as opposed to an index-linked gilt where the dividends and principal repayments are related to movements in the Retail Prices Index (RPI).

Annualised Rate of Return

The average annual return an investor sees over a set period of time.

Running yield

The annual interest payment (dividend) divided by the current market price of a bond.

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.

Professional Client

An investor that is able to meet several regulatory criteria.

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.

Key Information Document (KID)

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

Clean price

The quoted price of a gilt, which excludes accrued interest

Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.

OEIC