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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|entity|}}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. | ||
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{{investmentfund}} | {{investmentfund}} | ||
}} | }} | ||
{{ | {{sa}} | ||
*{{tag|SICAF}}, of [[closed-ended]] [[collective investment fund]]. | *{{tag|SICAF}}, of [[closed-ended]] [[collective investment fund]]. | ||
*[[SICAV-FIS]] a "specialized investment fund". | *[[SICAV-FIS]] a "specialized investment fund". | ||
*An Irish [[ICAV]]. | *An Irish [[ICAV]]. | ||