Collective Investment Schemes
Collective Investment Schemes is the collective way of describing pooled investments such as unit trusts and Open-Ended Investment Companies (OEICs).
Unit trusts and OEICs are ways for investors to gain access to a diversified portfolio of investments which they would not otherwise have enough funds to achieve.
Both work in a similar way but have different structures. With a unit trust the investor buys units in the fund whereas an OEIC is established as a company and the investor buys shares in the company.
Read more about Collective Investment Schemes in our fact sheet.