SICAV Societe d'Investissement A Capital Variable. (Company with variable share capital

Creator:	Suzan Hamer
Language pair:	English
Discipline:	-
Definition / notes:	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.
URL:	http://http://www.investorwords.com/6672/SICAV.html