A depository is an authorised company, which is independent of the fund manager. It safeguards and secures your investment in an OEIC, providing oversight of the fund manager on your behalf. For a unit trust, this role is fulfilled by a Trustee.
A depository is an authorised company, which is independent of the fund manager. It safeguards and secures your investment in an OEIC, providing oversight of the fund manager on your behalf. For a unit trust, this role is fulfilled by a Trustee.