Glossary

Shareholders funds

Shareholders funds are the assets that belong to the shareholders – equivalent to equity

Real Estate Investment Trust or REIT

Real Estate Investment Trust or REIT – A REIT is a listed property company in a tax efficient structure: REITs must pay out 90% of their property income to shareholders every year. REITs must be primarily engaged in property investment, rather than in development or other non-property related activities. As REITs are all listed property […]

reference benchmark

reference benchmark – When a fund does not have a benchmark, investment companies and investment managers offer reference or a comparitor benchmark. This helps investors / shareholders appreciate how the NAV and share prices have done and helps put that performance into context. Funds that do not have a benchmark index are often absolute return funds, a total return funds or pure unfettered stock picking funds.

comparitor – as a substitute benchmark

comparitor – When a fund does not have a benchmark, investment companies and investment managers offer a comparitor or reference benchmark. This helps investors / shareholders appreciate how the NAV and share prices have done and helps put that performance into context. Funds that do not have a benchmark index are often absolute return funds, […]

Additional Tier 1 or AT1

Additional Tier 1 or AT1 In addition to a bank’s core capital or Tier 1 capital, it may also use other additional forms of capital to ensure its capital adequacy. Tier 1 capital is used to describe the capital adequacy of a bank and is the core capital that includes equity capital and disclosed reserves. […]

Alternative Investment Fund Managers Directive

The Alternative Investment Fund Managers Directive is a complicated piece of EU legislation designed to regulate the management, administration and marketing of Alternative Investment Funds or AIFs (which includes investment companies). Since it was brought in all investment companies have had to decide who is the manager or AIFM – a difficult decision for some funds. […]

Search

Account

Menu

Glossary

Shareholders funds