Société d’Investissement à Capital Variable
From ACT Wiki
Revision as of 15:32, 16 February 2022 by Doug Williamson (Talk | contribs) (Update - source - Association of Corporate Treasurers - email from Naresh Aggarwal 16 Feb 2022.)
Type of collective investment scheme available in France and Luxembourg.
Unlike Fonds Commun de Placements (FCP), SICAVs are distinct legal entities, with each investor being a shareholder of the company.
In other words, SICAVs are open-ended investment companies.