The most important terms from the world of funds - arranged alphabetically. Click one of the letters to display the relevant terms.
Security Code Number (WKN)
The security code number (=WKN) is a number that identifies each security (and fund) uniquely.
Refers to the task of managing a PLC so that the shareholders obtain a long-term return that is considerably higher than alternative investments (to compensate for the increased risk). Comparable with shareholder's benefit.
Short-Term (Short End)
Bonds with a short outstanding term (up to 3 years) are short-term.
Small Stocks or Small Caps are equities in smaller and mid-sized companies - often with above average growth potential. For these companies the investment risk is often higher than for large companies (blue chips).
Refers to a fund that restricts its investors (to institutional investors such as companies).
Funds that specialise in a certain industry, region or country. Example: Raiffeisen Eastern Europe Equities, Raiffeisen Raw Materials Equities, Raiffeisen European Growth.
Just like equities, fund shares are subject to a speculation period. This means that the investor must tax rate profits if they are realised (sold) within one year.
The difference between the purchase and the sales price.
Team of specialists from various areas of expertise responsible for asset allocation.
Equity certificates without couponsheets, talons and equity coupons are managed separately. The certificate without couponsheet, talon and each coupon become virtual zero bonds with the corresponding coupon term.
Refund of expenses charged to the customer when purchasing an investment fund.
A swap is where two contractual partners "exchange" payment obligations whereby fixed interest rate payments are exchanged for variable ones. Other options include currency swaps, combined interest and currency swaps.
A switch is the exchange of securities. Papers whose return expectations do not appear positive to the investor / fund manager are sold and other papers whose return expectations more closely meet the investor's / fund manager's earnings expectations are bought in exchange.