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By an investment company, also Kapitalanlagegesellschaften (KAG), one understands an institution (mostly in form of a GmbH or an AG), which spends portion lights to the public. That for example fund portions can be. The incomes obtained from this sales are used for the purchase of a Portfolios from securities (e.g. shares and loans, real estates). If the value of the Portfolios rises, then the owner of the fund portions profits. If it sinks, then it carries the losses. One speaks of unit trust fund.

Investment companies require special concessions and by the respective supervisory authority (see table below) are supervised. With new edition of a security this must be approved and indicated in official sheets, in addition Wertpapierkurse in daily papers suitable for it must be published.

Overview

CountryGermanyAustriaSwitzerland
Supervisory authorityFederal Institution for supervision of financial service (BaFin)Financial market supervisory authority (FMA)Swiss federal interbank commission
Setting textLaw over the integrated supervision of financial service (FinDAG)Financial market supervisory authority law (FMABG)Federal law over the investment trusts (AFG)
Interest agencyFederal association Investment and ate management registered association (BVI)Combination of Austrian investment companies Swiss investment trust federation (SFA)
Number of societies80 (source: BaFin; (Conditions 13. May 2005)23 (source: Conditions: 05/2005)44 (source: EBK; 'Conditions: '03 June 2005 '')
Total number/volume fund2,061 funds/137,463, 46 millions "€

A list further European is to be found here.

Special estate

The society must the inserted the money, which thereby purchased fortune articles, with it against the expenditure of portion lights, securities and subscription rights and all requirements, which develop from it, one or more special estates to supply, which are to be kept separate from the own fortune of the Kapitalanlagegesellschaft.

Related links

  • Franklin Templeton Investments Franklin Templeton Investments is considered as the inventors unit trust fund and operates some the largest and oldest single funds. Due to the age of some Templeton funds these belong also again to the most successful.
  • Deka the Deka bank is the investment company of the German savings banks.
  • HANSAINVEST the Hanseati Investement GmbH is an enterprise the signals Iduna group, Dortmund/Hamburg
  • Activest Activest
  • DWS DWS investment company of the German bank AG
  • Union Investment private fund GmbH investment company that of people and Raiffeisen banks.
  • ADIG ADIG Investment funds oldest one and most steeped in tradition German fund mark - public funds of the Cominvest ate management GmbH
  • Nordea Nordea Investment of find S.A.
  • OeKB profit Web data to all investment companies certified in Austria and their funds

Related Websites

We found here 5 related websites.

  • Fidelity
    The nation's largest mutual fund company, leading provider of financial services, investment management, retirement and brokerage services.

  • Investment Company Institute
    The Investment Company Institute, the national association of American mutual funds, maintains this website to enhance public understanding of mutual funds ...

  • National Association of Small Business Investment Companies, Small ...
    The National Association of Small Business Investment Companies (NASBIC) supports and promotes the small business industry through effective representation ...

  • Small Business Administration
    Home for this area. Small Business Investment Companies (SBIC) Program ... bullet, New Rural Business Investment Program Mapping Tool ...

  • Table of Contents
    Section 6 -- Exemptions. Section 7 -- Transactions by Unregistered Investment Companies ... Section 12 -- Functions and Activities of Investment Companies ...

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