SICAV

Definition

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.

Use SICAV in a sentence

The sicav scheme was about to be used by us and I was interested to see what the outcome would be.

​ Was this Helpful? YES  NO 8 people found this helpful.

You should try to make sure that you know if anyone is doing a sicav and try to react to it quickly.

​ Was this Helpful? YES  NO 4 people found this helpful.

SICAV was experiencing a downturn in participation and its purchasing power was very weakened and halted by this development in its membership.

​ Was this Helpful? YES  NO 3 people found this helpful.

Show more usage examples...

Related Terms

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
SIC open-end fund