Glossary

It is an investment company with variable capital, formed for the management of a portfolio of securities and cash, which issues shares as and when requests for subscription, therefore, any investor who buys his shares becomes a shareholder.

Which must be submitted before any subscription, gives a precise information on the modes of operation and the characteristics of the UCITS for the investors in order to appreciate the product proposed.

An investment consists of the search through an intermediary of potential underwriters on behalf of an originator in connection with a financial transaction, and the collection of orders to that effect. This research requires a communication approach to arouse the interest of potential subscribers, including by advertising or canvassing.