Term indicating an indirect investment through a financial institution (bank, brokerage company, mutual fund, insurance company etc) authorised by law.
Managed Account in Fund Units
Asset management where the client’s capital is invested in mutual funds.
Managed Account in Securities
Asset management where the client’s capital is invested in stock (shares, debentures, government bonds, mutual funds, etc).
The whole of the management of an organisation or its managing group.
The stock investment strategy of an asset management company used to exceed its minimum yield objectives..
Document drawn up by the directors aimed principally at providing a true representation of the company's position, and the trend of the business overall and in the various sectors in which it operates. This includes subsidiary companies with particular reference to costs, income and investments.
The report must show the strategies followed, the main operations completed during the financial period (investments made) and the important events that took place subsequent to the financial period, as well as how any business in progress may develop.
Company that actively manages the assets of a mutual fund.
The joining of one or more companies into a single company. It can be done in two different ways: by the setting up of a new company which takes the place of all the founding companies (merger in the strict sense);- through the absorption of one existing company into one or more companies (merger by incorporation).
A company’s overall objective. Sets out the ideals and values on which corporate policy is based and is the company’s fundamental guide.
Bank loan for the purchase or renovation of a building or an apartment.
Repayment is made in instalments (six-monthly or monthly). Interest on the outstanding debt may be fixed or variable.
Bank which, in addition to using traditional distributional channels, employs innovative access to banking services through IT and telecommunications. Some examples are phone banking, home banking, and mobile banking.
Pools of money made up of the savings of individuals that are managed by professional fund managers in the purchase of stocks. The saver becomes the holder of a share of the fund, in proportion to the amount paid into the fund.