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Weighting of investments based largely on their weighting in the benchmark.
Non-binding information on the minimum price of units/shares in investment funds with limited risk. As a rule, this price is hedged using special investment strategies, but not guaranteed.
Non-binding information on the value of a unit/share .
Initial issue of units/shares of an investment fund. Further unit/share classes can be launched for existing investment funds at any time.
Date on which the units/shares of a given class were issued for the first time.
Net asset value on the basis of which units/shares of a given class were issued for the first time. Forms the basis for calculating the performance of an investment fund since launch.
Only relevant for investment funds distributed in Germany. Income of an investment fund contained in the NAV of its units/shares attributable to collected and accrued interest but that has not yet been distributed or reinvested and thus has not yet become liable to tax at the level of the investor. On buying units/shares, the interim profit can be stated as negative income in personal assets in Germany, thus reducing tax. On the sale of units/shares from an investor's private assets in Germany, the interim profit must be taxed as investment income.
Investment fund in the legal form of a public limited company (Aktiengesellschaft), the sole object of which is the investment of collective capital, and that has a level of capital and number of shares outstanding that are flexible rather than specified in advance. The shareholders participate in the company's assets in accordance with the shares acquired. The company's assets are managed by the company in accordance with the law and the investment regulations. The custodian bank has a contractual relationship with the SICAV. A SICAV can issue new shares at the net asset value at any time, and investors are in principle entitled to redeem shares at the net asset value at any time. The investor is a shareholder and has membership and proprietary rights.
Country or region in which an investment fund primarily invests its assets. This may be
Currency/currencies in which an investment fund primarily invests. This may be:
Foundations coming under the supervision of the Swiss Federal Social Insurance Office (FSIO) which have as their purpose the collective investment and management of assets of tax-exempt Swiss pension funds and other Pillar 2 and 3 pension schemes. As a rule, the assets are held together separately by type of investment in fund-like investment groups, in which pension funds and pension schemes can buy and sell claims at any time. Investment foundations are also characterized by the co-determination rights of investors in the respective bodies, and they enjoy tax advantages.
Assets pooled by investors for the purpose of collective investment, managed by a fund company in accordance with the provisions of the law and regulations, and held separately in safekeeping by a custodian bank. Investment funds are as a rule subject to specific legislation and supervision in their home country. They may
Natural person or legal entity that invests and manages the assets of an investment fund at their own discretion on behalf of the fund company, while heeding the provisions of the fund regulations.
Investment funds in Switzerland that may only be offered to qualified investors (pursuant to Art. 10.3 CISA).
Instruments for the investment of assets; can essentially be broken down into direct investments in money market paper, bonds, stocks, real estate and derivative financial instruments, as well as indirect investments such as investment funds, in particular.
Natural person or legal entity that invests and manages the assets of an investment fund at their own discretion on behalf of the fund company, while heeding the provisions of the fund regulations.
Objective to be achieved with an investment, such as
Entirety of measures and actions undertaken in investing assets to effectively to achieve a certain investment objective. In the case of an investment fund, this policy is set down in the fund regulations (fund contract) or the investment regulations.
Sets out the investment policy followed by the fund; the original version and any subsequent changes must be approved by the supervisory authority in the fund's country of domicile.
Risks entailed in the investment of assets, in particular volatility risk, risk of loss (e.g. due to a borrower defaulting) and liquidity risk (investments cannot be sold at an appropriate price at all times). With broad diversification, investment funds largely reduce the risks that are otherwise inherent in investments in individual borrowers or individual stocks or bonds.
Particular asset management approach (e.g. focusing a portfolio on investment in shares of specific companies with specific stock market valuations or in line with an index).
Specific theme on which an asset allocation is focused, e.g. restricting investments to companies that pursue a sustainable, environmentally friendly business policy or that develop green technologies.
Entirety of efforts and measures taken to protect the rights of the investors. In the case of investment funds, investor protection instruments include, in particular, comprehensive legal regulations, the obligation to obtain authorization and approval for providers and products, and the provision of transparency.
Requirement that certain types of unit/share classes are offered exclusively to certain investors (e.g. institutional investors, qualified investors).
International Security Identification Number, a 12-character alpha-numerical code that identifies a security and its domicile.
Price at which the fund company issues units/shares of an investment fund.
Private company or public-law entity that issues securities (stocks, bonds) or non-securitized rights for the purpose of raising capital, and which is liable for meeting the obligations entered into as a result.
Risk of an issuer not being able to meet their financial obligations. The issuer risk does not apply in the case of investment funds as the investor's assets form segregated pools, and as such are protected from claims by creditors in the event of the fund management company going bankrupt.
Conditions at which the fund company issues units/shares of an investment fund, e.g. at the net asset value or with the addition of any commissions or other surcharges. Such conditions only describe the basic rules, without stating the actual size of any commissions and surcharges.
Currency in which the units/shares of an investment fund are issued.
Currency in which the units/shares of a given class were issued for the first time.
Frequency with which units/shares are issued and the fund assets valued.