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SICAV

   Also found in: Wikipedia 0.02 sec.
AcronymDefinition
SICAVSociété d'Investissement à Capital Variable


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[] Dividends: Rate on direct investment dividends remains 5%; however, such rate will now be available when the beneficial owner is a company that owns 10% of the voting stock of the company paying the dividend and the payer is not a RIC, REIT or French SICAV.
Opened two new SICAV (Societes d'Investissement a Capital Variable) funds: an Asian flex cap fund and an absolute return (Euro) fund, and also launched a Korea-domiciled global bond fund.
Additionally, FTIF Templeton Global Bond Fund, a Luxembourg-registered SICAV, received a Lipper "Best Fund" award in the Bonds Global category for three- and five-year performance, and ranked #1 for 5-year performance in the Fixed Income Global USD based category in Standard & Poor's Global Investment Fund Sector awards.
 
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