FALCON GROUP PLC

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Latest News

Funds

• Henderson dumped by adviser over infra fund
• FSA fines Goldman Sachs 17.5 million pounds
• Premier targets M&A for small caps fund

Markets

• Stocks rise but risk appetite remains muted
• Sterling falls after UK trade deficit hits record
• Retailers fall as London shares drift lower

Personal Finance

• Threadneedle eyes UK equities dividend growth
• UK growth prospects muted by austerity
• House prices rise in August - Halifax

Stocks and Shares

• Nordic banks in line to hand back surplus billions
• Crowded Oracle management bench could mean friction
• BA-Iberia M&A plan highlights Asian airline prey

OEICs

What is an OEIC?

• Open-ended investment companies are often referred to as the modern day and flexible equivalent of the unit trust. They combine the elements of unit trusts and Investment trusts enabling you to pool your investments along with other investors. This helps to spread the risk and enables you to take advantage of the skills of a professional managing the fund.
  
  
• OEICS are regulated by the FSA. The rules are based on specifically written company law, whereas unit trusts are based on old trust law.
  
  
• OEICS have a single price for buyers and sellers and the charges are shown separately. A unit trust has a separate buying and selling price (bid/offer spread).
  
  
• The OEIC share price directly reflects the underlying assets of the portfolio
  
  
• An umbrella fund structure, which means that there are different classes of share. Each sub share fund can be invested in a different area if required.