“An excellent year for Active Management”
Dr Mathias Bauer, CEO of Raiffeisen Capital Management, talks about the exceptionally good performance of the year 2009 and the prospects for the fund management industry going forward.
»MoreGlossary
The most important terms from the world of funds - arranged alphabetically. Click one of the letters to display the relevant terms.
Alpha
When you compare a fund with its benchmark, alpha is the theoretically guaranteed fund yield - if the benchmark's yield is zero. Alpha represents a fund's under- or over-performance compared to the benchmark.
Asset Allocation
A fund's asset structure. Creation of an investment matrix taking risk spreading into account. Possible earnings are shown with their associated risks so that only necessary risks are taken.