Characteristics

Investment funds are one of the most regulated investment products in Europe.

These are their most important characteristics:

• Funds are a special asset, which means that they are bankruptcy protected.
• Funds are managed for the investor by an investment company (which is in turn controlled/supported by a bank) in a trustee relationship.
• Funds offer a broader risk distribution than direct investments.
• Fund share prices (and thus their performance) are published daily.
• Funds are liquid: Purchases and sales can be executed at any time.
• Fund composition and returns are tested and published semi-annually by certified public accountants.
• Fund costs are transparent. They are published as the 'total expense ratio (TER).
• Funds can easily be compared to each other.

The transparency concerning risk and return allows XENIX to identify quality funds and build fund portfolios with stable risk-return profiles.