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ARTICLE · 07 MARCH 2016

The Advantages Of ICAVs

Dillon Eustace
Dillon Eustace
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Dillon Eustace

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In March of 2015, the Irish Collective Asset-management Vehicle ("ICAV") Act was enacted, and it has enabled the establishment of a new structure for regulated investment funds domiciled in Ireland.

IrelandFinance and Banking
Brian Dillon
Brian Dillon
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In March of 2015, the Irish Collective Asset-management Vehicle ("ICAV") Act was enacted, and it has enabled the establishment of a new structure for regulated investment funds domiciled in Ireland.

The ICAV is a flexible corporate structure that can be used to establish both UCITs and Alternative Investment Funds ("AIFs"), and there are indications to suggest the ICAV will become the default choice of structure for asset managers seeking to establish regulated funds in Ireland. The ICAV will exist alongside existing Irish structures, further diversifying the range of Irish collective investment vehicles available to investors, and also maintains the competitiveness of the Irish funds industry. In particular, the ICAV addressed an issue that has made Irish-regulated investment funds more attractive to the U.S. market and especially U.S. taxable investors, which, as readers may be aware, was the initial and key driver of the new product.

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