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SICAV
A SICAV is a collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium, Malta, France, and the Czech Republic. SICAV is an acronym in French for ''société d'investissement à capital variable'', which can be translated as 'investment company with variable capital and securities (government bonds, stocks, corporate bonds)'. It is similar to an open-ended mutual fund in the United States, while a ''sociedad de inversión de capital fijo'' or ''société d'investissement à capital fixe'' ( SICAF) is similar to a closed-end fund. As in the case of other open-end collective investment schemes (such as contractual funds), the investor is in principle entitled at all times to request the redemption of their units and payment of the redemption amount in cash. SICAVs are increasingly being cross-border marketed in the EU under the UCITS directive. SICAV names in various languages * Czech ''akciová společnost s proměnným ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collective Investment Scheme
An investment fund is a way of investment, investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to: * hire professional investment managers, who may offer better returns and more adequate risk management; * benefit from economies of scale, i.e., lower transaction costs; * increase the asset diversification (finance), diversification to reduce some unsystematic risk. It remains unclear whether professional active investment managers can reliably enhance risk adjusted returns by an amount that exceeds fees and expenses of investment management. Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. The regulatory term is undertaking for collective investment in transferable ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open-end Fund
Open-end fund (or open-ended fund) is a collective investment scheme that can issue and redeem shares at any time. An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders. The term contrasts with a closed-end fund, which typically issues at the outset all the shares that it will issue, with such shares usually thereafter being tradable among investors. Open-ended funds are available in most developed countries, but the terminology and operating rules vary. US mutual funds, UK unit trusts and OEICs, European SICAVs, and hedge funds are all examples of open-ended funds. The price at which shares in an open-ended fund are issued or can be redeemed will vary in proportion to the net asset value of the fund and so directly reflects its performance. Fees There may be a percentage charge levied on the purchase of shares or units. Some of these fees are called an initial charge (UK) or 'front-end load' (US) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mutual Fund
A mutual fund is an investment fund that pools money from many investors to purchase Security (finance), securities. The term is typically used in the United States, Canada, and India, while similar structures across the globe include the SICAV in Europe ('investment company with variable capital'), and the open-ended investment company (OEIC) in the UK. Mutual funds are often classified by their principal investments: money market funds, bond fund, bond or fixed income funds, stock fund, stock or equity funds, or hybrid funds. Funds may also be categorized as index funds, which are passively managed funds that track the performance of an index, such as a stock market index or bond market index, or actively managed funds, which seek to outperform stock market indices but generally charge higher fees. The primary structures of mutual funds are open-end funds, closed-end funds, and unit investment trusts. Over long durations, passively managed funds consistently outperform actively m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switzerland
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Swiss Alps, Alps and the Jura Mountains, Jura; the Alps occupy the greater part of the territory, whereas most of the country's Demographics of Switzerland, 9 million people are concentrated on the plateau, which hosts List of cities in Switzerland, its largest cities and economic centres, including Zurich, Geneva, and Lausanne. Switzerland is a federal republic composed of Cantons of Switzerland, 26 cantons, with federal authorities based in Bern. It has four main linguistic and cultural regions: German, French, Italian and Romansh language, Romansh. Although most Swiss are German-speaking, national identity is fairly cohesive, being rooted in a common historical background, shared ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Italian Language
Italian (, , or , ) is a Romance language of the Indo-European language family. It evolved from the colloquial Latin of the Roman Empire. Italian is the least divergent language from Latin, together with Sardinian language, Sardinian. It is spoken by about 68 million people, including 64 million native speakers as of 2024. Italian is an official language in Languages of Italy, Italy, Languages of San Marino, San Marino, Languages of Switzerland, Switzerland (Ticino and the Grisons), and Languages of Vatican City, Vatican City; it has official Minority language, minority status in Minority languages of Croatia, Croatia, Slovene Istria, Romania, Bosnia and Herzegovina, and the municipalities of Santa Teresa, Espírito Santo, Santa Tereza, Encantado, Rio Grande do Sul, Encantado, and Venda Nova do Imigrante in Languages of Brazil#Language co-officialization, Brazil. Italian is also spoken by large Italian diaspora, immigrant and expatriate communities in the Americas and Austral ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
El Confidencial
''El Confidencial'' is a Spanish-language general-information digital newspaper located in Spain, specializing in economic, financial and political news. It was established as an online newspaper in 2001. Its target readership is professional and middle-aged. It has a liberal political orientation. It was one of the news outlets participating in the Panama Papers investigation into material leaked from the Panamanian law firm Mossack Fonseca. References External links * 2001 establishments in Spain Data journalism Spanish news websites Financial data vendors Newspapers published in Spain Newspapers established in 2001 Spanish-language newspapers {{Spain-newspaper-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Navarre
Navarre ( ; ; ), officially the Chartered Community of Navarre, is a landlocked foral autonomous community and province in northern Spain, bordering the Basque Autonomous Community, La Rioja, and Aragon in Spain and New Aquitaine in France. The capital city is Pamplona (). The present-day province makes up the majority of the territory of the medieval Kingdom of Navarre, a long-standing Pyrenean kingdom that occupied lands on both sides of the western Pyrenees, with its northernmost part, Lower Navarre, located in the southwest corner of France. Navarre is in the transition zone between the green Cantabrian Coast and semi-arid interior areas and thus its landscapes vary widely across the region. Being in a transition zone also produces a highly variable climate, with summers that are a mix of cooler spells and heat waves, and winters that are mild for the latitude. Navarre is one of the historic Basque provinces: its Basque features are conspicuous in the north, but vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Basque Country (autonomous Community)
The Basque Country or Basque Autonomous Community (), also officially called Euskadi (), is an Autonomous communities of Spain, autonomous community in northern Spain. It includes the Basque provinces of Álava, Araba, Biscay, Bizkaia, and Gipuzkoa. It surrounds two enclaves called Treviño enclave, Treviño (Province of Burgos, Burgos) and Valle de Villaverde (Cantabria). The Basque Country was granted the status of ''Nationalities and regions of Spain, nationality'', attributed by the Spanish Constitution of 1978. The autonomous community is based on the Statute of Autonomy of the Basque Country, a foundational legal document providing the framework for the development of the Basque people on Southern Basque Country. Parallelly, Navarre, which narrowly rejected a joint statute of autonomy in 1932, was granted a separate chartered statute in 1982. Currently there is no official capital in the autonomous community, but the city of Vitoria-Gasteiz, in the province of Álava, is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Articles Of Association
In corporate governance, a company's articles of association (AoA, called articles of incorporation in some jurisdictions) is a document that, along with the memorandum of association (where applicable), forms the company's constitution. The articles define the responsibilities of the Board of directors, directors, the nature of business, and the mechanisms by which shareholders exert control over the board of directors. Articles of association are essential to corporate operations, as they may regulate both internal and external affairs. Articles of incorporation, also referred to as the certificate of incorporation or the corporate charter, is a document or charter that establishes the existence of a corporation in the United States and Canada. They generally are filed with the Secretary of State in the U.S. State where the company is incorporated, or other list of company registers, company registrar. An equivalent term for limited liability companies (LLCs) in the United ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporation Tax
A corporate tax, also called corporation tax or company tax or corporate income tax, is a type of direct tax levied on the income or capital of corporations and other similar legal entities. The tax is usually imposed at the national level, but it may also be imposed at state or local levels in some countries. Corporate taxes may be referred to as income tax or capital tax, depending on the nature of the tax. The purpose of corporate tax is to generate revenue for the government by taxing the profits earned by corporations. The tax rate varies from country to country and is usually calculated as a percentage of the corporation's net income or capital. Corporate tax rates may also differ for domestic and foreign corporations. Some countries have tax laws that require corporations to pay taxes on their worldwide income, regardless of where the income is earned. However, most countries have territorial tax systems, which only require corporations to pay taxes on income earned withi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
