Ucits and Oeics: what's in a name?

Changes to Isa rules have seen the emergence of the Oeic and the Ucits. But what is the difference? ...

Changes to Isa rules have seen the emergence of the Oeic and the Ucits. But what is the difference? Stuart Holah explains One change under Isa rules that sets them apart from Peps is the ability to invest in Undertakings for Collective Investment in Transferable Securities (Ucits) funds alongside the previously available Oeics, unit trusts and investment trusts. For those unfamiliar with Ucits, the product takes its name from an EU directive allowing cross-border promotion of funds within the European Union. Many UK advisers carry out little business in Ucits and these vehicles have receiv...