UCITS, SICAV and FCPE, what are we talking about?

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UCITS is an acronym for Undertaking for Collective Investment in Transferable Securities . This is a type of investment fund that allows you to manage portfolios for individuals or professionals. They are approved by the Financial Markets Authority (AMF) and are managed by professionals who invest their clients' money in securities.

The Financial Markets Authority distinguishes between 2 types of UCITS:

• SICAVs: which correspond to an investment company which allows you to acquire shares.

• FCPE: which means Company Common Investment Fund which allows you to acquire shares.