French equivalent of a unit trust; ‘Societé D' investissement A Capital Variable'.
SCAV's are types of fund based on a French share structure, the Societe d'investissement a Capital Variable. Most of the offshore funds, particularly umbrella funds, which are sold across borders from Luxembourg take this structure. Investors purchase shares in the fund and not units, unlike with unit trusts.
Societe Investissement a Capital Variable. An open-ended collective investment fund. Usually operated under the UCITS Directive. Sells units in the fund to the public. Operates on a single (mid) pricing basis.
a type of collective investment vehicle which is an open-ended investment company
A mutual fund of securities for its shareholders, who are free to purchase additional shares or redeem their shares whenever they wish at the prevailing market price.
Open-ended investment fund (see Asset Management)
Société d'investissement à capital fixe. An investment fund in the form of a joint-stock company with fixed capital.
Abbreviation for the French: Societies d'Investissement a Capital Variable. A UCIT domiciled in Luxembourg or France.
For a long time, the Grand Duchy of Luxembourg has been recognized throughout the world for expertise in funds management. The most popular funds for private investors and institutions over the past few years have been mutual funds and Sociétés d'Investissement à Capital Variable (Variable Capital Investment Companies).
A Sicav is an open-ended investment fund in the form of a joint-stock company with a single legal personality. Sicav stands for Société d'investissement à capital variable (investment company with variable capital).
A SICAV is an open-ended investment fund that manages securities portfolios for investors. SICAVs are managed by banks as well as insurance and investment companies.
Société d'investissement à capital variable (SICAV) is the French term to describe an open-ended investment company.
Societé d’investissement à capital variable. The French equivalent of a unit trust and a common structure for offshore funds. Structured as companies rather than trusts, such investment vehicles have a variable share capital.
A SICAV is an open-ended collective investment scheme common in Western Europe especially Luxembourg, Switzerland, 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.
