Fonds Commun de Placement

(FCP). Type of collective investment scheme available in France and Luxembourg, which provides participants with co-ownership of a portfolio of securities managed by an investment management company.

Unlike Societe d'Investissement a Capital Variables (SICAVs), FCPs are not distinct legal entities.

See also

• Offshore fund
• Société d’Investissement à Capital Variable
• Undertaking for collective investments in transferable securities