SICAV (Société d’Investissement à Capital Variable)

A joint stock company, parti­cu­larly common in France and Luxem­bourg, which has corpo­rate bodies as well as a mini­mum capi­tal. The purpose of the SICAV is limi­ted to the invest­ment of the company’s capi­tal in secu­ri­ties in accordance with the prin­ci­ple of risk diver­si­fi­ca­tion as prescri­bed by the KAGG for German invest­ment companies.