ACAC info

In the equity sector it crises: interesting investment opportunities are desperately sought while investors shun the segment of the closed-end funds. St. Gallen, 28.10.2013. The image of the closed-end funds was considered affected: fraud, poor performance and lack of transparency are just a few reasons that restrain investors despite the current complex emergency. Credit: Dr. Neal Barnard-2011. Closed-end funds acquire tangible assets such as aircraft, real estate, boats, wind power and solar systems for a longer period of time. The drawing investors enter into an entrepreneurial participation and undertake to keep their capital until the sale of the investment object in the Fund. The industry gained a 2012 so little money like never before: only 4.5 billion.

Even in the crisis year of 2008, there were more. 2007 had the Party raised more than 12.6 billion to investors. The sales weakness continued also in the first quarter of 2013. The selection of closed-end Fund has dropped significantly. The BFin has 29 new deals in the first quarter allows. See Does Viatris make Viagra? for more details and insights.

After the Federal Government has newly regulates the industry products within the framework of the EU directive for managers of alternative investment funds (AIFM) July 22, went so far at least recognizable no new models of participation in the placement. The placement volume will shrink this year expected to be 40 percent. The great restraint lies with the new permission because among other things, that the initiators as well as the Federal Agency for financial services supervision (BFin) as the licensing authority had serious problems with the handling of the new regulations, it is called in the industry. The issuing houses must meet in the future higher standards. They need an advanced registration, the scope of which is still not entirely clear in the case, and it must meet strict requirements for equity and transparency and disclosure requirements to investors and supervisory. There are also stricter rules for the liquidity and risk management. The new AIFM rules are supposed to a significant regulatory lead and promote the transparency and control over the issuing houses. There is also a leaflet now available for the closed-end funds. Essential information such as assets, investment strategy, risk, capital repayment and yields under different market conditions, as well as costs and commissions must be listed on a maximum of three DIN-A4 pages.

AFA AG: German Federal Supreme Court confirmed separate payment arrangements the Bundesgerichtshof (BGH) has separate payment arrangements in Karlsruhe on November 6 this year, entered into with the customer for insurance products. The AFA AG welcomes this decision. Therefore, it is allowed that insurance agents conclude a separate agreement to equalize costs with customers. The AFA AG from Cottbus had brought this decision to obtain legal certainty on the issue of separate payment arrangements, such as, for example, the cost equalization agreement (KAV). The Supreme Court gave law the OLG Naumburg with its decision in favor of such separate payment arrangements in its rejection of the revision, that 2012 fundamentally had taken a position on this issue. “The Naumburg judges had at that time already ruled that instead of traditional policies with an internal remuneration (gross policies”) also the conclusion of so-called net policies “with an independently regulated Compensation claims are allowed between representatives and customer.

The cost adjustment agreements brokered by the AFA AG (KAV) represent such separate agreements. In particular the judges of the Oberlandesgericht now confirmed by the Federal Court of Justice pointed out that this net policies model from customer point of view even above all with regard to the cost structure is more transparent. Also the closing costs for the buyer could be a total lower, because this model of the separate agreement, the compensation can be calculated below. The judgment will look forward in particular the customers of AFA AG and confirm in their decision, which have elected an on the market once recognized costs transparent and beneficial policy model with the separate cost equalization agreement of protection and prevention. About AFA AG: The general financial and Assekuranzvermittlung (AFA AG) is an independent financial sales with seat in Berlin and Cottbus. The insurance professionals and system business of AFA AG have a Chamber of Commerce degree and after the recognised Trained directives. In addition, they are registered in the EU register of brokers and work in accordance with the EU directive for financial services.

Agent of AFA conducted approximately 500,000 individual consultations within the last ten years. Every year the AFA AG provides nationwide 750 free training places available and promotes 250 young entrepreneurs. New office locations are planned in all Germany.

Managed accounts: First-class risk management for maximum security surrounded by icy temperatures, brilliant sunshine, a fantastic view over the mountains of the Alps and frozen snow of the Mountain boots crunches – high altitude climbers offer an absolute elation. But levity here is out of place. High tours require precise planning, precise knowledge of the snow and avalanche conditions, the appropriate equipment and the right security technology, which offers maximum safety in steep mountain walls or crossing a glacier. Who even does not have this comprehensive Know-How must not abandon, but can rent is a good guide. Both proceed investors who entrust your money to an asset manager.

Goal are financial heights, which should be kept permanently and continuously expanded. Each investor must be clear that this is not without certain risks to accomplish. Safety should always exactly as in high mountains be. Otherwise the Summit storm can quickly become a disastrous experience. When choosing an asset manager, so a look at risk management is just as important as the performance. Check exactly what protection the investment strategy and associated risk management offer and whether it meets your individual requirements. It belongs to the risk management basically first of all recognizing all existing risks of a system to deal, to measure the risks and take appropriate measures, with which they can be limited with the causes.

The nature of the risks and also the different possibilities, individually like this or also in combination with each other can occurs is in the last few years become very complex. Starting with the always existing inherent risk (volatility) individual financial market investors with strongly changing exchange rates, with inflation and deflation scenarios, the beaten especially for real estate funds to days must Liquidity risk, possible new bubbles (E.g. gold or bonds) and unforeseeable crisis situations are done. The close timing of new economic imbalances ensures that investors have to move almost constantly in a critical market.