Undertakings for Collective Investments

  • Investment fund which does not qualify for the European distribution passport.
  • Subject to the supervision of the Luxembourg regulatory authority (CSSF).
  • Contractual form (Fonds Commun de Placement, FCP) or corporate form (Société d’Investissement à Capital Variable, SICAV or Société d’Investissement à Capital Fixe, SICAF). Possibility to have separate sub-funds under one umbrella fund. Possibility to set-up various classes of shares.
  • Investment in a broad range of assets, including hedge funds, real estate, etc... Borrowing restrictions apply.
  • Net Asset Value publication on a monthly basis. Audited annual report and unaudited semi-annual report required.
  • Subscription tax at a rate of 0.05% of nets assets, reduced to 0.01% for instructional investors and money market funds.
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