Characteristics of an investment fund


FCP v. SICAV

FCPs and SICAVs are two of the most important fund types in Luxembourg. Both kinds can be set up as UCITS funds. FCP stands for the French expression ...

Accumulation v. distribution

Some investors want to receive regular income from their fund investments. However, others want to build up the value of their initial investments by ...

Umbrella funds

Many Luxembourg investment funds are so-called umbrella funds, which consist of multiple sub-funds that in effect function as separate investment fund...

How a fund price is determined

The price of a unit (FCP) or a share (SICAV) in an open-ended investment fund is determined by the value of its assets and is measured as its Net Asse...

Understanding costs and fees

Investors face various fees and charges when they buy and sell fund units, and the investment fund itself will be subject to various fees that are pai...

Understanding fund information

You can receive information about an investment fund from a variety of sources, the three most important being the fund prospectus, the fund’s a...

How to buy and sell fund units or shares

The investment fund’s prospectus will explain how often fund units or shares can be bought (subscription) and sold (redemption). Most UCITS fund...