1. Glossary > Legal & Compliance
  2. FCP

FCP stands for the French expression fonds commun de placement, meaning an open-ended collective investment fund. Like a unit trust in the UK, an FCP is set up in the form of a contract between the fund manager and the investors, in a similar way to a partnership, and is not a separate legal entity in its own right. Instead, the legal entity is the management company setting up the fund. Investors hold units in an FCP. (Adapted from the ALFI – Association of the Luxembourg Fund Industry – website.)

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