Glossary entry

French term or phrase:

Organisme de placement collectif en valeurs mobilières

English translation:

Undertakings for Collective Investment in Transferable Securities

Added to glossary by Paula Price
Oct 20, 2003 20:30
20 yrs ago
38 viewers *
French term

Organisme de placement collectif en valeurs mobilières

French to English Bus/Financial
Quels sont les objectifs de gestion les plus usuels fixés aux gérants d'OPCVM?

I know that OPCVM stands for 'Organisme de placement collectif en valeurs mobilières' but how is this best rendered in English?

Proposed translations

+3
4 mins
French term (edited): Organisme de placement collectif en valeurs mobili�res
Selected

UCITS

UCITS is used in the UK and, most of all, in Brussels. (Undertakings for Collective Investment in Transferable Securities). It's ugly, but it's there to stay. Investment companies, otherwise, or funds.

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Note added at 17 mins (2003-10-20 20:48:04 GMT)
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Thousands of Google hits, including:
... relating to undertakings for collective investment in transferable securities (UCITS). ... certains organismes de placement collectif en valeurs mobilières (OPCVM). ...
www.arendt-medernach.com/html/news/main.html

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Note added at 39 mins (2003-10-20 21:10:15 GMT)
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Since you\'re in the UK, you may also want to keep in mind that what I and many others here refer to as mutual funds are generlly called unit trusts in the UK (they create units, whereas US funds create shares, etc.)

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Note added at 1 hr 4 mins (2003-10-20 21:35:07 GMT)
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OPCVM is not a legal form but a descriptive term that covers several types of funds; in France these are primarily SICAVs (open end inventment companies) and FCPs (mutual funds).
Peer comment(s):

agree cmwilliams (X)
24 mins
agree KirstyMacC (X)
1 hr
So you remember IOS and the Geneva go-go years?
agree Albert Gomperts : No doubt about it: UCITS
4242 days
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot!"
-1
3 mins

OPCVM

I would leave it in French since it has a specific legal form:

New FRS Regulatory Reporting (FiRE) OPCVM module available for ...
... Under the new OPCVM provisions the (financial) establishment must declare to Banque de France the following information regarding their securities storage for ...
www.frsglobal.com/subhtml/newsandevents/ updates/07082003-opcvm_module.html

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Note added at 2003-10-20 20:35:11 (GMT)
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Roughly, \"mutual fund\" though:

Domaine(s) : - entreprise
- finance
valeurs mobilières


français
anglais

organisme de placement collectif en valeurs mobilières n. m.
mutual fund


Définition :
Entité dont l\'activité consiste à recueillir les sommes déposées par les épargnants et à mettre en commun ces sommes en vue d\'effectuer des placements en valeurs mobilières.


Sous-entrée(s) :
synonyme(s)
organisme de placement collectif n. m.

abréviation(s)
OPCVM n. m. [France]

Note(s) :
Les organismes de placement collectif comprennent les sociétés d\'investissement à capital fixe (SICAF), les sociétés d\'investissement à capital variable (SICAV), et les fonds communs de placement (FCP).
Le terme générique sous lequel le droit français regroupe les fonds communs de placement (F.C.P.) et les sociétés d\'investissement à capital variable (SICAV) est organisme de placement collectif en valeurs mobilières ouvert au public.
On peut aussi dire organisme de placement collectif tout court, car c\'est toujours de placement en valeurs mobilières qu\'il s\'agit. Ce terme abrégé est aussi très utile quand on veut parler de l\'ensemble de l\'organisation plutôt que du fonds proprement dit.


Peer comment(s):

disagree lenkl : The "English" term is widely used. The French even refer to the "Directive UCITS". Unfortunately.
15 mins
Unless it's strictly identical in legal form, I would leave OPVCM (French mutual fund). Otherwise it's misleading, like translating SA as Corporation in the name of a French company.
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7 mins

mutual funds organizations

agree with Stein but I would add a small explanation just in case

OPCVM (French mutual funds organizations)
Peer comment(s):

agree KirstyMacC (X) : Unit trusts in GB. Mutual funds - like the Fund of Funds - for fans of 1960's disgraced Am. tycoon Bernie Cornfeld.
1 hr
disagree Jane Lamb-Ruiz (X) : they are not organizations; organization are non-profits
4 hrs
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1 hr
French term (edited): Organisme de placement collectif en valeurs mobili�res

mutual investment fund

..
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1 hr

Mutual funds management firm

i think that's the way it is... see below:

hile in Canada, he started his own mutual funds management firm that evolved
into the multi-billion-dollar institution that AIC Management now is. ...
www.jamaicaobserver.com/magazines/Business/html/ 20030828T230000-0500_48198_OBS_RIDING_THE_TIDES_WITH_NCB.asp - 24k - Cached - Similar pages

CFO | Is plain vanilla good for you?
... Depreciation is then rolled up and passed on to finance. * At a large mutual funds
management firm, which operates several legal entities, legacy data had to ...
www.cfoweb.com.au/stories/19980401/6274.asp - 17k - Cached - Similar pages

Nicholas donates $6.4 million to UW Business School - 2003-10-13 ...
... Nicholas, co-founder and president of the Nicholas Cos., a Milwaukee mutual funds
management firm, earned both a bachelor's degree in economics in 1952 and an ...
milwaukee.bizjournals.com/milwaukee/ stories/2003/10/13/daily3.html - 38k - Cached - Similar pages

Science, Technology, and Social Change
... sociology; Kai Lee, Rosenburg Professor of Environmental Studies; and a representative
from the Calvert Group, a mutual funds management firm specializing in ...
Peer comment(s):

neutral lenkl : Basically, that's what it is, but there is an exact English equivalent for OPCVM
6 mins
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