Mutual Funds and SICAVs: what’s in common?
Very much, but there is a subtle regulatory difference.

Mario and Giovanna are now getting into the details, and will find out that mutual funds and Sicavs are not the same. When investing in funds, they buy the shares of the fund, which is managed by the AMC. In SICAVs instead, they buy shares of the company, and the capital of the SICAVs fluctuates with inflows and outflows. Moreover, SICAVs are usually domiciled in Ireland or Luxembourg to benefit from a favourable tax treatment, but don’t worry: SICAVs as well as funds are affected by the MIFID2 protection for investors.

Now you are ready to win over yourself with the video questionnaire you saw, click on FamilyMI Questionnaire/Skills