Open Ended Investment Companies (OEICs)
 
Although very like unit trusts and investment trusts,
an OEIC is basically a company which can be self-contained
or can form an "umbrella" over a range of individual funds.
Instead of units, an OEIC issues shares and these can be of
different classes - for example, for income accumulation.
 
We are currently recommending our clients use
the Cofunds service for this type of investment.