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Passive investment management |
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Passive investment managementBuying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities.Passive investment management Similar MatchesInvestment historyInvestment historyThe history of a member firm that establishes certain norms in respect of its investment practice. Statutory investmentStatutory investmentAn investment that a trustee is authorized to make under state law. Foreign portfolio investmentForeign portfolio investmentPortfolio investment across national borders and/or across currencies. Investment clubInvestment clubA group of individuals who combine their capital and invest it collectively. The advantage of these clubs is that members' funds are invested in a range of securities thus reducing risk and fees. There are also educational advantages. In the UK, the driving force behind the investment club movement is ProShare. (http://www.proshare.org.uk) Open ended investment companyOpen ended investment company'OEICs' are hybrid investment funds that have some of the features of an investment trust and some of a unit trust.Like investment trusts, OEICs are companies that issue shares on the London Stock Exchange, and which use the money raised from shareholders to invest in other companies. Unlike investment trusts, they are open-ended which means that when demand for the shares rises the manager just issues more shares. With an investment trust, if demand exceeds supply, the response may be a rise in the share price.The price of OEIC shares is determined rather differently. More like a unit trust, in fact, with the key factor being the value of the underlying assets of the fund. But in contrast to unit trusts, there is no bid/offer spread with OEICs, so the price of the shares should be the same whether you are buying or selling.OEICs are popular on the continent but were only launched in the UK in 1997. There are around 300 up and running, with a wide range of investment objectives. You can put an OEIC into an ISA. Further SuggestionsSecurities and Investments BoardRegistered investment company Investment company Bank Investment Contract (BIC) Investment product line (IPL) ethical investment Undertakings for Collective Investment in Tradable Securities Foreign investment risk matrix (FIRM) Expected return on investment Portfolio investment return on investment investment trust investment business Association of Investment Trust Companies Investment philosophy Association of Unit Trusts and Investment Funds Tradepoint Investment Exchange Investment Investment Valuation Model (IVM) Personal Investment Authority Leveraged investment company Value Line investment survey Investment letter Return on investment (ROI) Investment opportunity set |
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