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Investment fund in the legal form of a public limited company, the sole object of which is the investment of collective capital, and that has a level of capital and number of shares outstanding that are flexible rather than specified in advance. The shareholders participate in the company’s assets in accordance with the shares acquired. The company’s assets are managed by the company in accordance with the law and the investment regulations. The custodian bank has a contractual relationship with the SICAV. A SICAV can issue new shares at the net asset value at any time, and investors are in principle entitled to redeem shares at the net asset value at any time. The investor is a shareholder and has membership and proprietary rights.

Term-Nr.: 790

German: SICAV (732)

Source: Swiss Fund Data m. e. E., 20.10.2018

Notice: The contents of this terminology collection Lawpedia® with a focus on business law (especially financial market law) have been researched with great care and compiled on the basis of an extensive flash card, training materials and literature. The various sources (as far as they could be found) can be found in the abbreviations and source references. References to other sources are welcome. Despite the care taken, the provider cannot accept any liability for the accuracy, completeness and topicality of the information provided. The information is of a general nature in particular and does not constitute legal advice in individual cases.

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