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Encyclopedia > SICAV

A SICAV is an open-ended collective investment scheme common in Western Europe especially Luxembourg, Switzerland, Italy and France. SICAV is an acronym for Société d'investissement à capital variable which can be translated as investment company with variable capital. As in the case of other open-end collective investment schemes (such as contractual funds), the investor is in principle entitled at all times to request the redemption of his units and payment of the redemption amount in cash. Funds financial information A collective investment scheme is a way of investing money with a large number of people to participate in a wider range of investments that may not be feasible for an individual investor hence many investors share the costs of doing so. ...


SICAVs are increasingly being cross-border marketed in the EU under the UCITS directive. UCITS (pronounced yoo-sits) or Undertakings for Collective Investments in Transferable Securities are a set of European Union regulations that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one Member State. ...


They are very similar to Open-ended mutual funds in the United States The central idea of a mutual fund is to enable investors to pool their money and place it under professional investment management. ...


SICAV/Open-end Collective Investment in Switzerland

According to the Swiss Federal Act on Collective Investment Schemes (Collective Investment Schemes Act - CISA), an open-ended collective investment scheme may be in the form of a contractual fund or an investment company with variable capital (SICAV).


With open-ended collective investment schemes, investors have either a direct or indirect legal entitlement, at the expense of the collective assets, to redeem their units at the net asset value. The Net Asset Value or NAV is a term used to describe the value of an entitys assets less the value of its liabilities. ...


Each open-ended collective investment scheme has its own fund regulations (often referred to also as Prospectus). Contractual funds are regulated by the collective investment contract (e.g. fund contract). In SICAVs, it is the articles of association and the investment regulations. A prospectus is a legal document that institutions and businesses use to describe what they have to offer for participants and buyers. ...


See also

Funds financial information A collective investment scheme is a way of investing money with a large number of people to participate in a wider range of investments that may not be feasible for an individual investor hence many investors share the costs of doing so. ... Invest redirects here. ... Financial services is a term used to refer to the services provided by the finance industry. ...

External links

  • Morningstar.co.uk SICAVs registered for sale in the UK
  • Investment Funds - Multilingual Glossary


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 Investment management is the professional management of various securities (shares, bonds etc) assets (e. ... Funds financial information A collective investment scheme is a way of investing money with a large number of people to participate in a wider range of investments that may not be feasible for an individual investor hence many investors share the costs of doing so. ... The European Communities UCITS Regulations, 2003 (the “Regulations”) introduced a new collective investment scheme structure in Ireland called a common contractual fund (or “CCF”). The CCF is an unincorporated body established by a management company under which the participants by contractual arrangements participate and share in the property of the... The name translates to Pooled funds, and are similar to open-ended mutual funds in the United States. ... This article does not cite any references or sources. ... A hedge fund is a private investment fund charging a performance fee and typically open to only a very limited range of qualified investors. ... A unit trust is a form of collective investment constituted under a trust deed. ... A mutual fund is a form of collective investments that pools money from many investors and invests their money in stocks, bonds, short-term money market instruments, and/or other securities. ... An ICVC or Investment Company with Variable Capital is a type of open ended collective investment formed as a corporation under the Open-Ended Investment Companies Regulations. ... Note: the Unit Trust (UT) is a separate mainly UK fund type. ... Exchange-traded funds (or ETFs) are open ended mutual funds that can be traded at any time throughout the course of the day. ... An offshore fund is a collective investment scheme domiciled in a tax-haven located on an island juristiction or another low tax financial centre considered offshore, for example British Virgin Islands, Luxembourg or Dublin. ... Unitised insurance funds are a form of collective investment offered through life assurance policies. ...


Styles and theory:  Active management • Passive management • Index fund • Efficient market hypothesis • Socially responsible investing • Net asset value Active management (also called active investing) refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming a benchmark index. ... Passive management (also called passive investing) is a financial strategy in which a fund manager makes as few portfolio decisions as possible, in order to minimize transaction costs, including the incidence of capital gains tax. ... An index fund or index tracker is a collective investment scheme that aims to replicate the movements of an index of a specific financial market, or a set of rules of ownership that are held constant, regardless of market conditions. ... In finance, the efficient market hypothesis (EMH) asserts that financial markets are informationally efficient, or that prices on traded assets, e. ... Socially responsible investing describes an investment strategy which combines the intentions to maximize both financial return and social good. ... The Net Asset Value or NAV is a term used to describe the value of an entitys assets less the value of its liabilities. ...


Related Topics: List of asset management firms • Umbrella fund • Fund of funds • UCITS This is a list of corporations that provide financial asset management. ... An umbrella fund (sometimes called a fund of funds) is a mutual fund containing several sub-funds, each of which uses a different investment strategy. ... This article is in need of attention. ... Undertakings for Collective Investments in Transferable Securities (or UCITS, pronounced yoo-sits) are a set of European Union regulations that aim to allow collective investment schemes to operate freely throughout the EU on the basis of a single authorisation from one member state. ...



  Results from FactBites:
 
Les SICAV monétaires de court terme ou de trésorerie (352 words)
Les SICAV monétaires constituent une catégorie particulière de SICAV.
On les appelle également SICAV "de court terme" ou "de trésorerie".
Un placement en SICAV Monétaires est bien adapté pour placer des excédents passagers de trésorerie ou des capitaux en attente d’opportunité de remploi.
TOUT SAVOIR SUR LES SICAV - conseil pratique sur l'argent - les crédits (407 words)
On distingue trois catégories de Sicav : les Sicav monétaires : elles permettent de placer les liquidités à court terme sans prendre de risque.
Les Sicav sont soumises à la fiscalité des valeurs mobilières ; soit la Sicav distribue un revenu trimestriel ou annuel, et dans ce cas c'est le régime de l'impôt sur les revenus et les personnes physiques (IRPP) ou du prélèvement libératoire qui s'applique ^ soit la Sicav réinvestit dans le portefeuille ses dividendes.
Il s'agit alors d'une Sicav dite «de capitalisation» et, dans ce cas, on est assujetti à la fiscalité sur les plus-values au moment de la vente de ces actions.
  More results at FactBites »


 

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