Miscellaneous

Is SICAV SIF a UCITS?

Is SICAV SIF a UCITS?

Understanding SICAV 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.

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.

How does a SICAV work?

How does it work? A SICAV is a public limited company whose shares are offered to the public, and whose sole purpose is to invest in securities (or other liquid financial assets), spreading investment risks and allowing investors to benefit from the results of managing their assets.

Is a SICAV the same as an OEIC?

They are very similar. Both Oeics and Sicavs are corporate structure collective investment schemes and generally take an umbrella structure, with any number of subfunds with different investment aims and different share classes operating beneath the umbrella.