Glossar

An investment fund may consist of several share classes. The investment concepts of different share classes of a fund are usually the same. If there are several share classes within a fund, there are usually differences in the fee structure and the distribution policy (accumulating vs. distributing).

The Sharpe ratio is a key figure for measuring the return/risk profile of an investment. The Sharpe ratio can be used to evaluate an individual security or an entire investment portfolio. In both cases, the higher the ratio, the better the risk-adjusted return of the investment. By comparing the return of an investment with the additional risk associated with it over and above that of a risk-free asset, the Sharpe Ratio gives investors a clear picture of whether they are being adequately compensated for taking on additional risk through higher returns.

Short positions are a way of making profits from falling security prices. Short positions are taken for strategic reasons (to hedge or close out a position) or to speculate on falling prices.

"Société d'investissement à capital variable". Investment company with variable share capital sometimes under Luxembourg law.

Unlike mutual funds, special funds are not distributed publicly and are only offered to a limited group of investors. These are mostly tailor-made investment solutions.

Opening hours of the stock exchange during which it is possible to buy and sell securities. In the case of the electronic trading system Xetra® of Deutsche Börse AG, this is possible from 9.00 a.m. to 5.30 p.m.

The stock market is a part of the capital market that comprises on-exchange and off-exchange trading in shares.

The price at which the underlying asset can be bought or sold if the option is exercised.

Sustainable funds are intended to achieve a positive ecological, social or good corporate governance-oriented effect and thus pursue a sustainable investment objective. To this end, investments are predominantly made in companies that have a significant proportion of sales in ecologically sustainable or social activities and thus make a significant contribution to environmental and, in particular, climate goals. You will find more detailed information on the subject of ESG here.

Sustainable funds are classified according to the EU Sustainable Finance Disclosure Regulation.

Article 8 funds
– Fulfilment of basic transparency requirements of the EU Sustainable Finance Disclosure Regulation regarding the management of sustainability risks
– Pursues environmental & social investment criteria

Article 9 funds
– Fulfilment of basic transparency requirements of the EU Sustainable Finance Disclosure Regulation regarding the management of sustainability risks
– Sustainability as investment goal

Assenagon offers specialised solutions on this matter. To the funds overview

Risk factors that affect a broad group of securities/assets and cannot be reduced by diversification. Opposite: Idiosyncratic risk.