View source for Finance:Fonds commun de placement

'''Fonds commun de placement''' translates to "investment funds" or "mutual funds", and are open-ended collective investment funds based that are neither trust or company law based.  They are similar to [[Finance:Common contractual fund|common contractual fund]]s in Ireland, [[Finance:Tax transparent fund|tax transparent fund]]s in the UK and "fondsen voor gemene rekening" in the Netherlands.
In France, commonly referred to as FCP or F.C.P., these financial instruments are collective investments that are similar to the [[Finance:SICAV|SICAV]]. They are not [[Finance:Investment company|investment companies]]; they are more like open partnerships. They have no independent legal status but exist as a set of defined relationships between investors, managers and custodian.<ref>{{cite web | url=http://www.lowtax.net/lowtax/html/jlxobs.html | title=Luxembourg Investment Fund Management | access-date=2008-08-22 }}</ref> They invest in different financial instruments, but they do not have the tax status of the SICAV.

They are typically issued in the [[Social:French language|French-speaking]] countries of [[Earth:Europe|Europe]].

== See also ==
* [[Finance:Common fund|Common fund]]
* Collective investment scheme

== References ==
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{{Investment-management}}

[[Category:Investment funds]]

{{Sourceattribution|Fonds commun de placement}}