It is a bond-type SICAV with a portfolio consisting of treasury bills, guaranteed or rated bonds, commercial papers and deposit certificates.
Tunisia SICAV is a capitalization SICAV whereby the earnings of the year are not distributed as dividend but automatically incorporated in the net asset value.
The taxation of Tunisia SICAV is advantageous for natural persons.
They are not subject to withholding tax or additional taxation at the end of the year. However, capital gains are reportable.