Funds, ETFs and SICAVs: what’s in common?
They are all professionally managed investments, but they are not the same.
Funds, ETFs and SICAVs are all ways to invest your money with a professional manager, with segregated assets and a custodian bank. But there are also some important differences. Listen to how Mario and Giovanna learn them, for instance the fact that ETFs are listed and can be traded intra-day, have lower costs and can be invested in very small amounts to take exposure to very specific themes or asset classes. Funds managed by AMC or SICAVs instead are usually distributed, have negotiated fees and varying degrees of transparency on the composition of the fund.
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