![]() ![]() With securities lending there is a risk of loss should the borrower default before the securities are returned, and due to market movements, the value of collateral held has fallen and/or the value of the securities on loan has risen. Collateral parameters are reviewed on an ongoing bases and are subject to change. Taken will exceed the overall on-loan value. In this context, “Over Collateralisation” means that the aggregate market value of collateral We also accept selected physically replicating Equity, Government Bond, Credit and Commodity ETFs as collateral.Ĭollateral parameters depend on the collateral and the loan combination, and the over collateralisation level may range from 102.5% to 112%. Government, Supranational and Agency Bonds The below table shows the Loan/Collateral Combinations and Collateral Levels for our European Lending funds. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Individual shareholders may realize returns that are different to the NAV performance. Performance data is based on the net asset value (NAV) of the ETF which may not be the same as the market price of the ETF. ![]() Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. Share Class and Benchmark performance displayed in EUR, hedged fund benchmark performance is displayed in EUR. Past performance is not a reliable indicator of future results and should not be the sole factor of consideration when selecting a product or strategy. The figures shown relate to past performance. Fund expenses, including management fees and other expenses were deducted. The Hypothetical Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Depending on the exchange rates, this may have a positive or negative impact on the performance of the Fund. The currency hedging is designed to reduce, but cannot eliminate the impact of currency movements between the Base Currency and the currencies in which some or all of the underlying investments are transacted. There is a risk of default where the issuing company may not pay income or repay capital to the Fund when due. The fund invests in fixed interest securities issued by companies. Credit risk refers to the possibility that the issuer of the bond will not be able to repay the principal and make interest payments. Typically, when interest rates rise, there is a corresponding decline in the market value of bonds. Two main risks related to fixed income investing are interest rate risk and credit risk. ETFs trade on exchanges like stocks and are bought and sold at market prices which may be different to the net asset values of the ETFs. Important Information: Important Information: The value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed. Investors may not get back the amount originally invested. The value of investments and the income from them can fall as well as rise and are not guaranteed.
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