Societe d'Investissement A Capital Variable. An open-ended collective investment scheme that derives its value by the number of participating investors (more investors means more available capital). The value of the fund's investments is divided by the number of shares outstanding, and an investor can request to have his shares cashed out at any time - even if this comes at the expense of other investors. It is most commonly found in Europe.
Related information about SICAV:
- SICAV - Wikipedia, the free encyclopedia
A SICAV is an open-ended collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium and France.
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Socit d'Investissement Capital Variable - SICAV A type of open-ended investment fund in which the amount of capital in the fund varies according to.
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