The most important terms from the world of funds - arranged alphabetically. Click one of the letters to display the relevant terms.
Call Options document the right to buy a certain basic security (equities, bonds, currencies, etc.) within a stipulated time period or at a particular point in time at a fixed price. If the purchase is actually made on the due date, it is called "exercising". Call Options are not compulsory.
Cash / Liquid Funds
= Cash Stocks (Items)
So-called cash transactions whereby delivery, acceptance and payment for securities are made immediately take place on the cash market. For example: equities, bonds, etc.
Securities that documents the claims of the shareholder against the investment fund. The equity or investment certificate certifies the holder's co-ownership of the fund's assets.
The Chartered Financial Analyst (CFA) is an internationally recognised training programme for fund managers run by the Association for Investment Management and Research (AIMR). The training covers asset valuation, portfolio management and structure. The candidates must demonstrate that they can put their theoretical knowledge into practice in three assessment phases. CFA exams are held in 70 countries across the world.
The Chief Investment Officer (CIO) is the fund manager.
Stabilisation of rate performance on the stock market after strong fluctuations.
Cost Average Effect
The Cost Average Effect can be seen when regular payments of equal amounts are paid into an investment fund. For this you buy less equities in the fund if the prices are higher and more equities if the prices are lower - thus lowering the average initial cost.
Country-specific funds only invest in certain countries.
Drop in prices on the security markets
Creditworthiness refers to a debtor's (issuer's) risk of failure.
Cumulative / Re-investment
Re-investment funds do not issue returns but rather reinvest them again in the fund. There are no distributed earnings but rather continual growth in values. The returns that are similar to distributions are published for tax purposes. The capital yield tax is paid out annually and transferred directly to the tax office.
The currency risk is the risk that results from changes to exchange rates.
The Custodian Bank is the custodian for the fund's securities and calculates daily the net asset value and the issue and redemption price. The Raiffeisen Zentralbank AG performs this function for the Raiffeisen Kapitalanlage-Gesellschaft. It issues and receives back the equities.