SICAV: Difference between revisions
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A [[ | 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]]), 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. | ||
Revision as of 17:23, 8 May 2018
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".