Glossar

Bear Market is used to describe the expectation of a falling market. Contrast: Bull Market

The benchmark is a comparative measure used to measure the relative success and quality of fund management. In most cases, a reference portfolio or a reference index is used as a benchmark.

A best-in-class approach invests in the companies that have the highest/best characteristics (e.g. ESG standards) in the sector.

Beta measures the market risk of a fund and shows how sensitively the fund's returns react to the movement of a corresponding index. It is therefore an indicator to illustrate the systematic risk of an investment fund.

Bond funds are investment funds that primarily invest in interest-bearing securities such as government or corporate bonds, covered bonds, or debt securities issued by credit institutions. An overview of Assenagon Credit Funds can be found here.

Bottom-up analysis is an investment strategy that first looks at individual companies in detail (micro analysis). In contrast, a "top-down" analysis considers an industry-wide or regional outlook (macro analysis). In general, both approaches can also be applied simultaneously.

A brokerage firm/broker carries out securities transactions for the account of a third party and receives a brokerage fee or brokerage commission for its service.

The Bull Market is used to describe the expectation of a rising market. Contrast: Bear Market