SICAV

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A SICAV is an open-ended collective investment scheme common in Western Europe especially Luxembourg and France. SICAV is an acronym for Société d'investissement à capital variable which can be translated as investment company with variable capital.

SICAVs are increasingly being cross-border marketed in the EU under the UCITS directive.

They are very similar to Open-ended mutual funds in the United States

[edit] See also


Investment management

Collective investment schemes:  Common contractual funds • Fonds commun de placements • Investment trusts • Hedge funds • Unit trusts • Mutual funds • ICVC • SICAV • Unit Investment Trusts • Exchange-traded funds • Offshore fund • Unitised insurance fund

Styles and theory:  Active management • Passive management • Index fund • Efficient market hypothesis • Socially responsible investing • Net asset value

Related Topics: List of asset management firms • Umbrella fund • Fund of funds • UCITS


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