Open-Ended Investment Company

Open-Ended Investment Company  - an open ended investment company is a company that buys and sells its securities as financial strategy.  An open-ended investment company (OEIC) mainly is in the UK, and is known in the United States as an open-ended mutual fund company An OEIC collectively pools their money from investors to invest in different things, adjusting their shares at times by selling off shares, or buying more, with no set limits... When shares are received the OEIC invest in different things, decided by the fund manger...  When shares are sold, the company pays out money to their shareholders