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FAQ

What is the Net Asset Value (NAV)?

The net asset value of a UCITS is the value of a share of the fund: it is the price of a share, excluding any applicable entrance or exit fees.

How do we calculated the NAV?

We calculate the NAV of the Fund by adding the valuation of each of the values held in portfolio, net of expenses and fees of the fund and dividing by the total number of shares.

What is the point of the NAV?

The net asset value (NAV) is the basis of calculation for determining the subscription price or redemption of units of the UCITS.

What is a subscription?

The subscription is to purchase units of a UCITS. The subscription amount is equal to the net asset value multiplied by the number of units requested.

How do I subscribe?

By cash, check or bank transfer: the corresponding provision in the desired number of shares must be available at the time of subscription. The subscription will be done at the authorized distributors of the Fund, particularly among CGF BOURSE or from a dedicated bank. For more information, thank you to contact our services at +221 33 849 03 99.

vi. What is a UCITS ?

A UCITS (undertakings for collective investment in transferable securities) is a savings product that allows multiple investors to hold in common a portfolio of securities (shares, bonds, etc.). He is authorized to collect savings, even the smallest, to invest in financial markets as a previously defined investment policy.
There are two types of mutual funds:
- The Common Fund Placement (FCP)
- The Investment Company with Variable Capital (SICAV)

What is a UCITS management company?

It is a company approved by the CREPMF, whose activity is solely to manage mutual funds (FCP) and Variable Capital Investment Company (SICAV).

What is a management and intermediation company?

A Management and Intermediation Company (SGI) is a limited company engaged primarily in the trading of securities on the stock exchange and conservation securities on behalf of customers. On an ancillary basis, it makes discretionary management and Financial Council. It also acts as custodian of the UCITS.

What is the difference between a fund capitalization and a distribution fund?

A UCITS capitalization said of a fund that reinvests income from its investments rather than distributing them. Therefore, if the fund receives dividends, interest on bonds, they will be reinvested in new investment and will not be distributed to subscribers.
While in a distribution of funds, revenues are redistributed at fixed date as dividends.

What is redemption?

The redemption is made to sell mutual fund shares. The redemption amount is equal to the net asset value multiplied by the desired number of shares.
It is for the investor to "recover" the money invested valued at the value of the Fund upon redemption. The redemption is payable immediately. For more information, thank you to contact our services at +221 33 849 03 99.

What are the fees paid by the investor in a fund?

In most funds, the fees paid by the investor are the commissions of subscription and redemption. The management fees are charged to the UCITS. In some funds, these costs may not be due. Please refer to the prospectus of the UCITS to know the costs.

What is a subscription fee?

The subscription fee is charged by the Manager and / or the distributor at the time of subscription to the Fund. It can be seen only once at the time of the first subscription, it is called fee. Please refer to the prospectus of the UCITS to know the costs.

What is a redemption fee?

The redemption charge or redemption fee is deducted from the amount of the sale on redemption. Indeed, when you want to recover your investment placed in a fund, the fund will charge a redemption fee. The amount of this fee is known in advance and is usually a fixed amount or calculated as a percentage of the amount redeemed. Please refer to the prospectus of the UCITS to know the costs.

What is the employer’s contribution?

The employer contribution is the contribution paid by the employer under an agreement that the employer pays a financial contribution in addition to the voluntary savings of its employees in funds established as part of a plan, such an ownership plan (PEE).


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