Oeics vs Sicavs

What is a Sicav? A Sicav is a société d'investissement à capital variable, which is quite simply Fr...

What is a Sicav? A Sicav is a société d'investissement à capital variable, which is quite simply French for "investment company with variable capital". This means that it is a company that exists to invest in the shares of other companies (investment company) and that it can create or cancel new shares according to investor demand (variable capital). Thus the share price has a direct relationship to the fund's net assets, rather than varying according to supply and demand, as is the case with a closed-ended fund such as an investment trust. That sounds very much like an Oeic. They are ...