Funds or SICAVs
ING Luxembourg offers you a wide range of investment funds suited to every type of investor profile. ING’s product portfolio is not just limited to its own funds: you can also take advantage of the best funds offered by other sponsors.
What is a SICAV?
The generic term is UCITS, standing for Undertaking for Collective Investment in Transferable Securities. The most common form of collective investment undertakings (CIUs) is the SICAV. “SICAV” stands for Investment Company with Variable Capital (société d'investissement à capital variable). In other words, it is a fund incorporated as a company with assets consisting of shares and/or bonds and/or liquid assets and/or derivatives.
What are the advantages of a SICAV for me?
- A broader sphere of investment, since the SICAV allows you to combine your contribution with that of other investors within the same basket of shares. You no longer need a large securities portfolio to diversify.
- Diversification (geographic, sectorial and across different types of investments)
- Management undertaken by financial market professionals and specialists for whom this is their stock in trade.
- An investment that is available at all times: you just need to put in an order to redeem all or part of your assets in the SICAV.
- Favourable tax treatment for SICAVs issuing accumulation units or income units.
How should you choose a SICAV?
To make the right choice, your need to take the following into account:
- your investment horizon;
- any need for a regular income;
- your degree of aversion to (stock market and money market) risk;
- how much capital you want to invest as a proportion of your portfolio as a whole.
What type of investor are you?
What types of SICAV are available?
- Money-market SICAVs
- Bond SICAVs
- Convertible-bond SICAVs
- Share SICAVs
- Mixed SICAVs
- High-tech SICAVs
SICAVs may be specialised:
- providing capital protection;
- in a geographic area;
- in a specific economic sector;