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Sector (e.g. banking, insurance, etc.) or theme (e.g. sustainability) in which an investment fund primarily invests its assets.
Date of the market prices (exchange prices) on the basis of which the assets of the investment fund were valued (as a rule, the day before the valuation and publication of the NAV).
Emerging economies in an early stage of industrialization and a developing financial market
In the case of fixed-term funds, the date on which the predefined term ends. As of this date, the fund's assets will be liquidated and the sales proceeds repaid to the unitholders/shareholders in proportion to their holding.
Funds that invest their assets primarily in shares and other equity instruments.
An investment strategy used by hedge funds: Exploiting valuation differences between different stocks (e.g. short selling a stock regarded as overvalued while at the same time buying a stock in the same sector that is regarded as undervalued).
EU savings tax has been in force since July 1, 2005 and stipulates that cross-border interest payments to private individuals resident in an EU member state are subject to an automatic exchange of information or withholding tax. This affects distributions of interest income and also interest income realized on the sale of units/shares of certain investment funds. Switzerland is also integrated in the European savings tax system via bilateral agreements, and applies a paying agent tax (tax retention). This tax is currently retained at 20%, rising to 35% from July 1, 2011 (as an alternative to the tax retention, investors may demand the disclosure of information to the tax authorities). All data published on the Swiss Fund Data website applies exclusively to Switzerland. Provisions applicable outside Switzerland may result in investment funds being subject to different rules.
Initiative set up by EFAMA with a view to ensuring uniform classification of cross-border investment funds by type of investment.
EU savings tax has been in force since July 1, 2005 and stipulates that cross-border interest payments to private individuals resident in an EU member state are subject to an automatic exchange of information or withholding tax. This affects distributions of interest income and also interest income realized on the sale of units/shares of certain investment funds. Switzerland is also integrated in the European savings tax system via bilateral agreements, and applies a paying agent tax (tax retention). This tax is currently retained at 20%, rising to 35% from July 1, 2011 (as an alternative to the tax retention, investors may demand the disclosure of information to the tax authorities). All data published on the Swiss Fund Data website applies exclusively to Switzerland. Provisions applicable outside Switzerland may result in investment funds being subject to different rules.
Overarching term for the system agreed between Switzerland and the EU in respect of the taxation of interest payments to natural persons resident in an EU member state. This term covers both the EU tax retention and voluntary disclosure.
An investment strategy used by hedge funds: This strategy focuses on events, exploiting overvaluations/undervaluations of securities prior to special events, e.g. corporate restructuring
Investment funds whose units/shares are traded on an exchange, with their price moving in a very close bandwidth relative to the NAV calculated on an ongoing basis. In investing their assets, ETFs generally replicate an index.
In the case of listed investment funds, the current price of units/shares on the exchange. On the Swiss Fund Data platform, exclusively prices listed on the SIX Swiss Exchange (data with a 15 min delay).
Investment funds whose units/shares are traded on an exchange, and which as a rule have a limited term. In investing their assets, these products combine traditional instruments such as bonds or equities with derivative investment instruments, and thus seek to achieve a specific risk/return structure to the end of the term.
The first day on which the NAV of units/shares is reported minus a paid distribution. On buying the unit/share concerned, investors no longer have any entitlement to the preceding distribution. Applies similarly to other corporate actions that have an influence on the NAV (e.g. splits).