BAEK SICAV FIS - BAEK IF II

BAEK SICAV FIS - BAEK IF II General Information

Description

BAEK SICAV FIS - BAEK IF II is a fund of funds based in Luxemburg, Luxembourg. The fund is created by SICAV under the Specialized Investment Fund (SIF) Law and is approved by Luxembourg's Financial Sector Supervisory Commission (Commission de Surveillance du Secteur Financier, or "CSSF"). A SICAV is an open-ended collective investment scheme common in Western Europe, especially Luxembourg, Switzerland, Italy, Spain, Belgium, Malta, France, and the Czech Republic. SICAVs are investment companies that pool investors' money and use expert fund managers to invest in shares, bonds, or other types of investment. These different entities may create sub-funds each with a different investment policy. The rights of investors and of creditors concerning a sub-fund or which have arisen in connection with the creation, operation, or liquidation of a sub-fund are limited to the assets of that sub-fund (i.e. Protected Cell Concept) unless a clause included in the constitutional documents provides otherwise. The board of directors defines the company's management policy but can delegate management to other managers, which must be approved by Luxembourg's Financial Sector Supervisory Commission.