SICAV: Difference between revisions
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A [[Société d’Investissement à Capital Variable]] or {{tag|SICAV}} is a common type of open-ended [[collective investment scheme]], an [[investment fund]] found in {{tag|France}} and other Francophile jurisdictions (notably {{tag|Luxembourg}}, {{tag|Belgium}}, {{tag|Switzerland}}, and so on). | A [[Société d’Investissement à Capital Variable]] or {{tag|SICAV}} is a common type of [[open-ended]] [[collective investment scheme]], an [[investment fund]] found in {{tag|France}} and other Francophile jurisdictions (notably {{tag|Luxembourg}}, {{tag|Belgium}}, {{tag|Switzerland}}, and so on). | ||
It is formed in the form of a [[public limited company]] ([[PLC]]., [[SA]]). 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=== | |||
*{{tag|SICAF}}, of [[closed-ended]] [[collective investment fund]]. | |||
Revision as of 15:48, 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). Its share capital is variable and the value of which at any time matches the value of the net assets of the fund.