Guide to OEIC Funds
Your first choice for investment may be to take advantage of an Individual Savings Account (ISA), but if you have already used your annual ISA allowance, you can still invest in an OEIC (Open-Ended Investment Company) Fund.
OEIC Funds are a good way for smaller investors to enjoy the power of big institutional investors, putting their money into a variety of assets (such as stocks and shares, bonds or property) that could help offset some of the risk.
Your money is put into a fund, along with money from other investors. This pooled fund is then invested across many different investments by a fund manager. The fund manager looks after the money in the fund, making regular adjustments depending on the performance of individual holdings, market conditions and the fund's objective.
Please remember though that the value of an investment may fluctuate and is therefore not guaranteed. You may not get back the full amount of your original investment.
Find out more about Prudential's OEIC Funds
What does investing in an OEIC Fund involve?
OEIC Funds are best viewed as long-term investments (five years or more), but you can access your money whenever you need to. Depending on your provider, there may be a charge for this.
Tax treatment of OEIC Funds
Investments held in OEIC Funds are subject to certain tax rules. To find out more, read investments and taxation.
Please note that Prudential do not offer Unit Trusts.