SICAV: Difference between revisions
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It is formed in the form of a [[public limited company]] ([[PLC]]., [[SA]]), or it may be in the form of a [[partnership limited by shares]]. Its share capital is variable and the value of which at any time matches the value of the net assets of the fund. | It is formed in the form of a [[public limited company]] ([[PLC]]., [[SA]]), or it may be in the form of a [[partnership limited by shares]]. Its share capital is variable and the value of which at any time matches the value of the net assets of the fund. | ||
===Compare with=== | ===Compare with=== | ||
*{{tag|SICAF}}, of [[closed-ended]] [[collective investment fund]]. | *{{tag|SICAF}}, of [[closed-ended]] [[collective investment fund]]. | ||
*[[SICAV-FIS]] a "specialized investment fund". | |||
Revision as of 16:52, 8 February 2016
A Société d’Investissement à Capital Variable or SICAV is a common type of open-ended collective investment scheme, an investment fund found in France and other Francophile jurisdictions (notably Luxembourg, Belgium, Switzerland, and so on).
It is formed in the form of a public limited company (PLC., SA), or it may be in the form of a partnership limited by shares. Its share capital is variable and the value of which at any time matches the value of the net assets of the fund.
Compare with
- SICAF, of closed-ended collective investment fund.
- SICAV-FIS a "specialized investment fund".