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  • FIRST POST
    Newbie2saving
    ICVC Vs OEIC - what is the difference?
    • #1
    • 11th Dec 10, 4:14 PM
    ICVC Vs OEIC - what is the difference? 11th Dec 10 at 4:14 PM
    Hi all,

    I have a H-L Vantage ISA and I'm about to add another few funds to it with 'old' ISA cash maturing next week. The ISA is long term investement and I am looking at exposure to emerging markets. I would like a Latin American fund and initially ear marked Neptune Latin America, however during my research I favour Invesco Perp Latin America. Now the latter is a ICVC rather than an OEIC as listed on the H-L website, so what is the difference (if any!!!)? I want to fully understand this before investing!

    TIA
Page 1
  • yelf
    • #2
    • 11th Dec 10, 6:26 PM
    • #2
    • 11th Dec 10, 6:26 PM
    Nonr -just different names
    • Loughton Monkey
    • By Loughton Monkey 12th Dec 10, 12:29 AM
    • 8,707 Posts
    • 12,424 Thanks
    Loughton Monkey
    • #3
    • 12th Dec 10, 12:29 AM
    • #3
    • 12th Dec 10, 12:29 AM
    An ICVC or Investment Company with Variable Capital is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Companies Regulations of the United Kingdom. They are also known as OEICs (pronounced oik) from these regulations. The terms ICVC and OEIC are used interchangeably with different investment managers favouring one over the other. In the UK ICVCs are the preferred legal form of new open-ended investment over the older unit trust.

    Wikipedia
  • Newbie2saving
    • #4
    • 12th Dec 10, 12:04 PM
    • #4
    • 12th Dec 10, 12:04 PM
    An ICVC or Investment Company with Variable Capital is a type of open-ended collective investment formed as a corporation under the Open-Ended Investment Companies Regulations of the United Kingdom. They are also known as OEICs (pronounced oik) from these regulations. The terms ICVC and OEIC are used interchangeably with different investment managers favouring one over the other. In the UK ICVCs are the preferred legal form of new open-ended investment over the older unit trust.

    Wikipedia
    Originally posted by Loughton Monkey
    Thanks Loughton Monkey. Shows I should do my own google research first, thanks for going to the trouble and eases my mind that the ICVC is what I was looking for!
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