open ended investment company (OEIC)
Related documents
Related links
Banks or building societies are fine if you want your money to be secure and accessible, but for potentially higher returns you might want to consider investing in the stockmarket. An Open Ended Investment Company (OEIC) allows you to do just that with the added advantage of leaving the investment decisions to an expert. But don’t forget, as with all investments, the value can fall as well as rise.
What’s an OEIC?
Introduced into the UK in 1997, an OEIC is a form of collective investment. This means that your money is pooled together with that of other investors who have similar investment objectives.
An experienced fund manager manages this money, making decisions on your behalf in a range that includes equities, government and corporate bonds. The fund manager’s job is to ensure that your OEIC investment is performing in line with the objectives of the individual fund.
Ecclesiastical Investment Funds OEIC is made up of six sub-funds, including our range of four socially responsible ethically screened Amity Funds. You can choose to invest in one of the six sub-funds or spread your investment to match your risk profile.
How much can I invest in an OEIC?
You can invest by monthly direct debit, from as little as £25 or you can invest a lump sum - from £200.
You can invest in the Ecclesiastical Investment Funds OEIC in the following ways:
contact your usual financial adviser
call us on 0800 107 0190 for more information
email us at financial_services@eigmail.com
download information and complete our EIF application form and prevention of money laundering and send them to us with your cheque and/or debit form along with your forms of identification.
Can I invest through an ISA?
Yes, you can.
For more information on transferring your ISA, please contact your usual financial adviser or call us on 0800 107 0190.
Next steps
To find out more, please contact your usual financial adviser or call us on 0800 107 0190 from 8am to 6pm, Monday to Friday (excluding bank holidays). Alternatively email us at financial_services@eigmail.com.
Please note that past performance should not be seen as an indication of future performance, and that the value of investments can fall as well as rise.
The information supplied in this page is based upon our understanding of current UK law and HM Revenue and Customs (HMRC) practice (March 2008). Please remember that tax law and HMRC practice may change from time to time.
