Are you interested in funds? Use our comparison tool to get a better overview about the Austrian market.
What is a fund?
Investment funds are instruments with which money is collected – usually from a large number of retail investors – and invested on the financial markets. The capital is primarily invested in the form of transferable securities, as well as deposits at banks, commodities or other investment funds. Investors are the owners fund units.
What can the Fonds-Lupe do?
- You can obtain a general overview of the market, and find out how many and which management companies issue Austrian funds.
- The comparison of products shows key information about the individual products, and are also offered in table form. The comparisons can be exported as a PDF file, and the table also as a .CSV file.
- You can select a specific fund by means of the ISIN search function or by selecting individual products shown in the graphics directly and can compare them against other products in terms of costs, performance and other features.
- Sustainable funds can be identified, filtered and compared based on various sustainability criteria.
Where does the data come from?
The information presented comes from the PRIIPs Key Information Documents (KIDs) produced by the management companies. The FMA obtains this data at least once a year. Remember that the information is not updated daily, and newly established funds might not be able to be included at the time of presentation.
What does it specifically present?
Costs
Product costs for funds trading in Euro are also shown in Euro amounts; however they are also shown as a percentage. This shows the amount by which the costs reduce the potential returns. The calculation is based on the assumption of an investment of EUR 10,000 and an average historically estimated performance.
Risk indicators
The risk indicator is on a scale of 1 to 7. A risk indicator of 1 means a low risk, while 7 means a very high risk. The indicator helps to you to estimate the risk associated with this product compared to other products. It also shows how high the probability of a financial loss is, in the events of markets performing in a way that is unfavourable for the product. It is assumed in the calculation that investors hold the product until the end of the recommended holding period.
Performance description
Future performance is estimated based on the product or underlying asset’s previous performance. Various scenarios ranging from optimistic to pessimistic ones are presented to give a broad overview. The assumption is again based on a fictitious initial investment of EUR 10,000.
To find the Fonds-Lupe
Our interactive information and comparison tool can be found (German only interface) at:
www.fma.gv.at > A to Z of Finance > Investments
Find out more:
A-Z of Finance: www.fma.gv.at > A-Z of Finance
Instagram: @redenwiruebergeld
Podcast: listen here!
Management companies:
Companies that manage funds in the interest of investors. These include (real estate) investment fund management companies and alternative investment fund managers who invest money on the financial market.
PRIIPs:
Packaged Retail and Insurance-based Investment Products.
KIDs:
“Key Information Documents” are standardised key information documents for PRIIPs. They contain the most important features and risks of a product in a brief and clear manner, and help investors to be able to compare products more easily.