The Alternative Investment Fund Managers Directive (AIFMD) is a regulatory framework implemented by the European Union to oversee and regulate the management of alternative investment funds, enhancing investor protection and market stability.
A back-end load is a fee incurred by an investor when selling shares from a unit trust or investment trust, deterring short-term speculation and rewarding longer-term investment.
Closed-End Funds are investment funds with a fixed amount of capital managed by an investment company, as opposed to open-ended funds like unit trusts that continually issue and redeem shares.
Developing countries are nations with lower per capita income compared with wealthy countries such as the United States, Western Europe, and Japan. Investment in these countries is often channeled through emerging market funds.
Euroclear is a pan-European provider of clearing, settlement, and related services for bond, equity, and investment-fund transactions. Based in Brussels, it was set up in 1968 by the US bank J. P. Morgan.
Exchange-Traded Funds (ETFs) are investment funds traded on stock exchanges, allowing for flexibility and real-time trading. They offer advantages over traditional mutual funds by being priced throughout the trading day.
A front-end load is an initial sales charge or commission incurred by an investor when buying a financial product, used to cover administration fees and agent commissions.
A management fee is a charge against assets for the administration and management of portfolios, funds, or real estate properties. It encompasses services such as investment management, shareholder relations, administration, rent collection, maintenance, and bookkeeping.
Government-owned pools of investment funds typically invested in foreign assets and funded by foreign currency reserves, derived from current account surpluses.
