(plural foundries) 1  A facility that melts metals in special furnaces and pours the molten metal into molds to make products. Foundries are usually specified according to the type of metal dealt with: iron foundry, brass foundry, etc. 2  The act, process, or art of casting metals; founding.
Funds raised by issuing shares in return for cash or other considerations. The amount of share capital a company has can change over time because each time a business sells new shares to the public in exchange for cash, the amount of share capital will increase.
What is a 'SociÃ©tÃ© d'investissement Ã  Capital Variable - SICAV' A SociÃ©tÃ© d'investissement Ã  Capital Variable, or SICAV, is a publicly traded open-end investment fund structure offered in Europe. SICAV funds are similar to open-end mutual funds in the U.S. Shares in the fund are bought and sold based on the fund's current net asset value. BREAKING DOWN 'SociÃ©tÃ© d'investissement Ã  Capital Variable - SICAV' SICAVs are regulated under European law.