Q: How do I know if I have a PFIC in my portfolio?
A: Any of the following types of mutual funds and collective investment schemes are most likely a PFIC unless they are incorporated in the US:
- Exchange Traded Fund (ETF)
- Open ended investment company (OEIC) and foreign unit trusts
- SICAV (“société d'investissement à capital variable”) or SICAF (“société d'investissement à capital fix”)
- Venture Capital Trusts (VCT)
If you would like more information or have questions about your situation please contact us below