What is the structure of an OEIC?

What is the structure of an OEIC?

An OEIC is constituted under the Open-Ended Investment Companies Regulations 2001. An OEIC is a body corporate with separate legal personality and is the legal and beneficial owner of the assets of the OEIC. An AUT is similar to an OEIC, in that it is a regulated investment fund, authorised and regulated by the FCA.

Is an ICVC a mutual fund?

An ICVC, or investment company with variable capital, is a type of collective investment instrument that is available in the United Kingdom. This type of investment is similar to an umbrella mutual fund and it is designed with the sole purpose of bringing in returns for the investors in the fund.


An Investment Company with Variable Capital (I.C.V.C.) is an undertaking for collective investments in transferable securities (UCITS) as defined in Law 4099/2012 and Directive 2009/65/EC.

What is an example of an OEIC?

Asset class e.g. equites, fixed interest or money market instruments. Geography e.g. UK equity, emerging markets or Asia. Sector type e.g. telecoms or technology. Investment aims e.g. income or growth.

Is Icvc a UCITS?

Do OEICs pay dividends or interest?

Income shares/units distribute income as either interest or dividends. As the income is paid to the investor and not rolled up within the fund, no adjustment is needed for CGT.

Do I pay tax on an OEIC?

The income from unit trusts and OEICs is always taxable regardless of the share class or whether the income is actually taken or reinvested. However, it may be tax free if it falls within one of the allowances (dividend allowance or starting rate for savings/personal savings allowance).

When can an investor sell an OEIC?

Most OEICs let you sell your shares at any time but some may only allow sale at certain times of the year so check this before you invest. Most OEICs are designed for medium to long term investment of between 5 and 10 years.

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