Fonds commun de placement
Fonds commun de placement translates to "investment funds" or "mutual funds", and are open-ended
collective investment funds based that are neither trust or company law based. They are similar to common contractual funds in Ireland, tax transparent funds
in the UK and "fondsen voor gemene rekening" in the Netherlands.
In France, commonly referred to as FCP or F.C.P., these financial instruments are collective investments that are similar to the
financial instruments
, but they do not have the tax status of the SICAV.
They are typically issued in the French-speaking countries of Europe.[citation needed]
See also
- Common fund
- Collective investment scheme
References
- ^ "Luxembourg Investment Fund Management". Retrieved 2008-08-22.
