open ended investment company vs unit trust
The history of General Motors GM one of the worlds largest car and truck manufacturers dates to more than a century and involves a vast scope of industrial activity around the world mostly focused on motorized transportation and the engineering and manufacturing that make it possibleFounded in 1908 as a holding company in Flint Michigan as of 2012 it employed. The Funds are not authorised unit trust schemes open ended investment companies OEICs or recognised schemes within the meaning of the FSMA and therefore constitute unregulated collective investment schemes.
Open End Fund Definition
As unregulated collective investment schemes the distribution and promotion of units is restricted for the purposes of Sections 21 and 238 of the FSMA to.
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