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Reglo's translation/definition for
Umbrella collective investment undertaking
Umbrella collective investment undertaking
English
Umbrella collective investment undertaking
collective investment undertaking invested
in one or more collective investment undertakings, the asset of which is composed of separate class(es) or designation(s) of securities.
Dutch
Instelling voor collectieve belegging in andere instellingen voor collectieve belegging.
Instelling voor collectieve belegging waarvan de beleggingsdoelstelling bestaat in het beleggen in een of meer andere instellingen voor collectieve belegging waarvan de activa bestaan uit effecten van (een) verschillende categorie(ën) of met (een) verschillende denominatie(s).
French
OPC parapluie
un organisme de placement collectif ayant pour objet le placement dans un ou plusieurs organismes de placement collectif et dont l’actif se compose de catégories ou dénominations distinctes de valeurs mobilières.
Portuguese
Agrupamento de organismos de investimento colectivo
o organismo de investimento colectivo que investe em um ou mais organismos de investimento colectivo, cujo activo é composto por uma ou mais classes ou designações distintas de valores mobiliários.
Italian
Organismo di investimento collettivo ombrello
organismo di investimento collettivo avente lo
scopo di investire in uno o più organismi di investimento collettivo e le cui attività siano composte da classi o denominazioni distinte di strumenti finanziari.
Deutsch
Dachorganismus für gemeinsame Anlagen (“Umbrella collective investment undertaking")
bezeichnet einen Organismus für gemeinsame Anlagen, dessen Vermögen in Anteilen eines oder mehrerer Organismen für gemeinsame Anlagen angelegt ist und sich aus unterschiedlichen Wertpapierkategorien oder Wertpapieren unterschiedlicher Bezeichnung zusammensetzt.
Spanish
Empresa general de inversión colectiva
una empresa de inversión colectiva invertida
en una o más empresas de inversión colectiva en las que esta última está representada por valores de clase(s) o designación(es) distintas.
*links
Umbrella fund - Wikipedia Definition
An umbrella fund is an investment term used to describe a collective investment scheme which is a single legal entity but has several distinct sub-funds which in effect are traded as individual investment funds.
This type of arrangement originated in the European investment management industry, most notably with the SICAV (an open ended collective investment). The SICAV model was copied for the UK OEIC and offshore fund models.
Legal source
COMMISSION REGULATION (EC) No 809/2004 of 29 April 2004
implementing Directive 2003/71/EC of the European Parliament and of the Council as regards information contained in prospectuses as well as the format, incorporation by reference and publication of such prospectuses and dissemination of advertisements.
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