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OPCVM à formule (conventional/standard UCITS?)

English translation: standard unit trust

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
French term or phrase:OPCVM à formule (conventional/standard UCITS?)
English translation:standard unit trust
Entered by: Andre de Vries

10:12 May 3, 2004
French to English translations [PRO]
Bus/Financial - Investment / Securities
French term or phrase: OPCVM à formule (conventional/standard UCITS?)
question relates to Undertakings for Collective Investment in Transferable Securities (UCITS)
niki
standard unit trust
Explanation:
I think "Unit trust" is perfectly adequate. See Google.
Selected response from:

Andre de Vries
United Kingdom
Local time: 18:42
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
5standard unit trust
Andre de Vries
4standard collective investment undertakings (UCITS)
Nikitina


  

Answers


6 mins   confidence: Answerer confidence 5/5
standard unit trust


Explanation:
I think "Unit trust" is perfectly adequate. See Google.


Andre de Vries
United Kingdom
Local time: 18:42
Native speaker of: English
PRO pts in category: 11
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  Vicky Papaprodromou
23 mins
agree  KirstyMacC (X)
47 mins
  -> thanks
disagree  Colin Smith: OPCVM is NOT a unit trust. A unit trust is a legal Trust set up to pool and hold investment funds. OPCVM's include all types of investment funds, regardless of whether they are set up as trusts or companies. OPCVM should be translated as (mutual) fund.
799 days
  -> thanks for your response
disagree  reglo: see official UCITS directive translation @ http://www.reglo.co.uk/results.php?code=78&mode=master
1074 days
Login to enter a peer comment (or grade)

799 days   confidence: Answerer confidence 4/5Answerer confidence 4/5
standard collective investment undertakings (UCITS)


Explanation:
Investments: collective investment undertakings (UCITS)
Services d'investissement: organismes de placement collectif en valeurs mobilières (OPCVM)
http://europa.eu/scadplus/leg/fr/lvb/l24036a.htm

UCITS legal form
Depending on the jurisdiction, UCITS can be constituted either:
under the law of contract (as common funds), or
under trust law (as trusts), and (also)
under statute, i.e. in corporate form (as investment companies).
The Directive may refer to both non-corporate forms under one designation, e.g. "common fund" or "unit trust". Importantly, some Member States' legal frameworks are limited to common funds, i.e. all their UCITS are without legal personality and depend on a designated external fund manager (a management company).


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Note added at 799 days (2006-07-11 13:28:03 GMT) Post-grading
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see also http://europa.eu.int/eurodicautom/Controller

organisme de placements collectifs en valeurs mobilières = pooled investment




    Reference: http://europa.eu/scadplus/leg/fr/lvb/l24036a.htm
Nikitina
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