What is a SICAV SIF fund?
A SICAV SIF is an onshore Luxembourg investment fund. A SIF takes a collective investment approach to investor funds and applies the principle of risk diversification. The structure can play host to a wide variety of asset types, including both traditional and alternative investment products.
Is a SICAV SIF regulated?
SICAVs are regulated under European law. Their structuring can be guided by either the Undertakings for the Collective Investment of Transferable Securities (UCITS) regulatory framework or the specialized investment fund (SIF) framework. The term SICAV is an acronym for Société d’investissement à Capital Variable.
What is a Luxembourg SIF?
A specialised investment fund (“SIF”) is an investment vehicle designed for sophisticated investors that is regulated by the Luxembourg Commission de Surveillance du Secteur Financier “CSSF”). SIFs benefit from having a relatively prompt set-up process, low costs and minimal taxation in Luxembourg.
Is a Luxembourg SICAV a company?
The SICAV in Luxembourg A SICAV (Société d’Investissement à Capital Variable) is a type of investment fund organized as an investment company that has a variable share capital. The value of its share capital must match at all time the value of its net assets. The SICAV may be organized as a public limited company.
Who can invest in SICAV?
Who are qualified US purchasers? Subject to certain exceptions, to be a qualified purchaser, a natural person must have at least $5 million in “investments” and an institution must have at least $25 million in “investments,” in each case as defined in Rule 2a51-l under the U.S. Investment Company Act.
Why do funds specialize?
Why? Specialization has two great advantages: (1) It allows you to invest in a company before there is data that validates the company is on to something. (2) It allows you to build a network in a specific industry that is helpful with recruiting talent and customers.
Is a SIF an AIF?
A Specialised Investment Fund (SIF) is an investment fund that can invest in all types of assets. It usually qualifies as alternative investment fund (AIF) and can be sold to well-informed investors.
Does a SIF need an AIFM?
SIFs that qualify as AIFs are required to appoint an AIFM unless they benefit from the limited exemptions provided by the AIFM Law. In the latter case, the SIF will itself be considered as the AIFM and will have to comply with all the legal obligations of the AIFM Law.
Who can invest in SICAVs?
Is an ETF a SICAV?
ETFs are funds (FCP/SICAV), quoted on the stock market and respond to a very simple investment objective : Track and replicate positively or negatively the Index’s performance.
Can a SICAV be UCITS?
UCITS can be set up as SICAF in Luxembourg or SICAV. The first legal entity refers to an investment company with fixed capital, while the other designates an investment company with variable capital.
What is specialized fund?
Specialized funds focus on very specific industries, including commodities, regions, or other segments of the market. These funds include sector funds, balanced funds, asset allocation and target date funds. Using these funds, investors can gain access to banking, real estate, chemicals, energy or telecommunications.