Analysis of investment companies with the same fund managers as oeics or unit. Investment trusts are not actually trusts but public limited companies in their own right, and listed on a recognised stock exchange. Open Ended Vs Closed Ended Funds Fund Management Open Ended How To Raise Money The major difference is that unit trusts quote a bid price (to redeem) and an offer price (when you buy) with a spread. Open ended investment company vs unit trust . A fund manager pools money from many investors and buys shares, bonds, property or cash assets and other investments. The value of the units directly reflects. They are not bound by the same investment rules as unit trusts, giving the. Unit investment trusts (uits) are much less popular and only have around $85 billion in net assets as of 2016. Oiecs tend to have lower fees than uts because they have a simpler structure. The terms oeic and icvc are used interchangeably with different investment managers favouring one over t...