The unit price has to be expressed in the base currency of the Oeic which is defined in the Instrument of Incorporation establishing it. It is possible to change the base currency of the Oeic by amending the Instrument of Incorporation, but this may require a meeting of shareholders. It is also possible to set up separate share classes in a single company where prices are expressed in different currencies. If separate share classes are established then euro prices will not be the conversion of the corresponding sterling class prices. It would be difficult or impossible to consolidate the share classes after E Day may need to run separately forever.
Options Keep whole fund in single currency and prices in same denomination.
Create separate share classes and run separate funds in perpetuity. The information on the site is the property of the Association of British Insurers. All use of the material should acknowledge this source. The Association is not responsible for any errors or omissions on the site, nor for the consequences of any actions taken as a result of information herein.