Losing interest: Rate hikes and cost-of-living pressures mean investors take money out of funds to shore up their finances
The Open-Ended Investment Company Activities industry's revenue is set to contract at a compound annual rate of 0.2% over the five years through 2023-24 to £3.7 billion. The total assets under management in the industry have increased over the past decade, thanks in part to the rollout of automatic enrolment into pensions, significantly boosting pension funds' capital invested into OEICs. However, the COVID-19 outbreak significantly disrupted OEICs. High-interest rates caused by soaring inflation damaged the short-term value of fixed assets in portfolios and limited interest in equities.
Open-ended investment companies (OEICs) are legal entities organised to pool securities or other financial assets on behalf of shareholders or beneficiaries in order to generate financial return through investments. OEICs are authorised by the Financial Conduct Authority under the Open-Ended Investment Companies Regulations 2001 legislation. The industry does not include unit trusts.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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