Question: What Is A SIF Fund?

Is a Raif regulated?

The RAIF is a flexible, multipurpose alternative investment fund that can be marketed quickly.

It is regulated through its relevant manager, under the Alternative Investment Fund Manager Directive (AIFMD)..

What is an AIF Luxembourg?

In Luxembourg, an Alternative Investment Fund (“AIF”) within the meaning of the law of 12 July 2013 relating to managers of alternative investment funds (the “AIFM Law” and an “AIFM”), will usually take the form of: (i) a fund authorised under Part II of the Luxembourg law of 17 December 2010 on undertakings for …

How does an OEIC work?

How do OEICs work? When you invest in an OEIC you buy shares in the company. The total number of these shares changes over time as they are bought and sold. Your money is then combined with other investors’ and invested in a selection of stocks, shares and other assets by the fund manager.

What is SIF stand for?

SIFAcronymDefinitionSIFStandard Interchange FormatSIFSignificant Influence Function (corporate governance)SIFStrategic Innovation Fund (various locations)SIFSafety Instrumented Function66 more rows

What is an FCP in Luxembourg?

A FCP (Fonds Commun de Placement) is an open-ended mutual fund, constituted as a contractual common ownership entity without legal personality. A SICAV (Société d’Investissement à Capital Variable) is an open-ended mutual fund, constituted as an investment company which is similar to a UK OEIC.

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.

What is a special investment fund?

A specialised investment fund (SIF) is a Luxembourg domiciled and regulated investment vehicle aimed at sophisticated investors and offering tax efficiency and a light supervisory regime. There are no limitations on the type of assets that can be held in a SIF but it must provide active portfolio management.

What is a Sicav Raif?

The Reserved Alternative Investment Fund (RAIF) is an investment fund that can invest in all types of assets. It qualifies as alternative investment fund (AIF) and is not itself subject to CSSF product approval. RAIFs must appoint an authorised external Alternative Investment Fund Manager (AIFM).

What is a Sicav in Luxembourg?

The term SICAV is an acronym for Société d’investissement à Capital Variable. These funds are most well known and used in France, Luxembourg, and Italy. Similar to open-end mutual funds, SICAVs do not have a fixed number of shares traded in the public market.

What does SIF stand for in safety?

Safety Instrumented FunctionSafety Instrumented Function – A set of equipment intended to reduce the risk due to a specific hazard (a safety loop). Its purpose is to 1.

What is a SIF Luxembourg?

The Specialised Investment Fund (SIF) is a regulated, Luxembourg-branded, investment fund vehicle for well informed, institutional and qualified investors. A SIF may take the legal form of a common fund (a mutual fund, FCP – fonds Commun de Placement)

What is SIF banking?

DEFINITION. A Specialized Investment Fund (“SIF”) is a regulated, operationally flexible and fiscally efficient multipurpose investment fund regime for an institutional and qualified investor base.

What is the difference between a Sicav and an OEIC?

∎ No tax is levied on the fund – all tax arises in the hands of the investor. Withholding tax ∎ OEIC funds pay withholding tax on foreign dividends, levied by the country in which the dividend is paid. … ∎ SICAV funds pay withholding tax on foreign dividends, levied by the country in which the dividend is paid.

What is the difference between an OEIC and a unit trust?

A subtle difference is a unit trust is governed by trust law, whereas an OEIC is governed by company law. … If you invest in a unit trust you buy units whereas if you invest in an OEIC you buy shares. The key difference is pricing. The major difference between unit trusts and OEICs is the way they’re priced.

Is an ICVC the same as an OEIC?

ICVC are structured in such a way that they can be offered on a pan-European basis. The structure has also been known as an OEIC, standing for Open Ended Investment Company. An ICVC is structured as a company, and is controlled by an Authorised Corporate Director (ACD), who fulfils the role of fund manager.