The SICAV model

One appeal of the SICAV as a collective investment vehicle is that it can be distinguished from contractual funds in terms of corporate governance, making it a worthwhile alternative.

Main differences between a SICAV and contractual funds:

  • A SICAV is a legal entity
  • The shareholder-entrepreneur holds liability for and influence over the management of the SICAV
  • The Board of Directors is the “face” of the SICAV
  • The Board of Directors watches over the interests of the SICAV’s investors
  • The Management and the Depositary Bank are the investor’s counterparties in a contractual fund, whereas they are only service providers for a SICAV

In general, and particularly in terms of the investment policy and restrictions, the rules are the same for both a SICAV and a contractual fund.

Each sub-fund is considered a separate collective investment scheme, with its own investment strategy and investors. The sub-funds are therefore independent of each other and are only liable for their own commitments. However, the Board of Directors, the fund management company, the custodian bank, the auditors and the fund manager are the same for all the sub-funds.

IMPORTANT INFORMATION

Edmond de Rothschild Real Estate SICAV (the “SICAV”), Geneva, is an externally managed open-ended investment company incorporated in Switzerland in the “real estate” category, as defined by the Swiss Collective Investment Schemes Act (CISA). The SICAV has delegated its administration, management and distribution to CACEIS (Switzerland) SA, Nyon, as the fund manager. CACEIS (Switzerland) SA has delegated the SICAV’s investment management and exclusive distribution with the power to sub-distribute SICAV shares to Edmond de Rothschild REIM (Suisse) SA in Geneva. Edmond de Rothschild REIM (Suisse) has sub-delegated distribution of the sub-fund Edmond de Rothschild Real Estate SICAV - Swiss ("the sub-fund Swiss") notably to Edmond de Rothschild (Suisse) SA and to Bank Julius Baer & Co Ltd in particular. Banque Cantonale Vaudoise, in Lausanne, is the SICAV’s Depositary Bank. Subscriptions are valid only based on the prospectus in effect with the investment rules and by-laws included, the key information document and the most recent annual report (or, where applicable, the interim report if more recent). These documents are available free of charge from the registered office of the SICAV, c/o Edmond de Rothschild (Suisse) SA, rue de Hesse 18, 1204 Geneva, and from CACEIS (Switzerland) SA, Route de Signy 35, 1260 Nyon, and from any sub-distributors.

The information contained on this website is provided for informative and advertising purposes only. It should not be taken as investment advice, or as a recommendation to invest, to liquidate an investment or to conduct any other transactions in connection with the SICAV. Furthermore, it should not be taken as a public solicitation or as an offering or invitation to subscribe for shares in the SICAV.  The SICAV, CACEIS (Switzerland) SA, Edmond de Rothschild REIM (Suisse ) SA and Edmond de Rothschild (Suisse) SA offer no guarantee on the accuracy and completeness of the information contained on this site, and may under no circumstances be held liable for any losses resulting from the use of said information. The information contained on this site reflects the opinions of the SICAV. Users are advised to contact an independent financial advisor to examine the content of the information provided, in order to ensure that the information in question is appropriate to their situation, based on their investment goals, risk profile, and their personal, financial, regulatory and tax conditions. All investments are subject to risks, including in particular the risk of fluctuations in values and returns. Past performances and financial market scenarios offer no guarantee of current or future results. Any performance data referred to on this site does not include the commissions and fees charged on subscriptions and redemptions of SICAV shares. The reproduction of the information contained on this site, in part or in whole, is prohibited without the prior written consent of the SICAV.

The investment objective for each sub-fund is to substantially preserve invested capital over the long term and to distribute appropriate income. The Board of Directors of the real estate SICAV and the Investment Manager will make every effort to achieve the specific investment strategy established for each sub-fund, based on the datasheets associated with the investment rules. It should be noted, however, that the achievement of the strategies may be subject to regulatory and legal constraints and procedures, such as the authorisation scheme in Switzerland for any purchases of buildings for residential use. No assurance can be given by the real estate SICAV, its Board of Directors, the Fund Manager or the Investment Manager as to the confirmation by the competent cantonal and/or federal authorities that the residential buildings considered for acquisition by the real estate SICAV are not subject to said authorisation scheme.

The information contained on this website is not addressed to persons subject to legislation prohibiting them from accessing the website due to their nationality, status or domicile. In particular, the SICAV has not filed, and does not plan to file, an application with the US Securities and Exchange Commission to offer or sell its shares to the public under the terms of the Securities Act of 1933. The SICAV is not registered, and does not plan to register, under the terms of the Investment Company Act of 1940, as amended. The information contained on this website may not be distributed, and the SICAV’s shares may not be offered, in the United States of America or in any US territories, holdings or regions subject to its jurisdiction.

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